Chauhan Restaurant is considering the purchase of a souffl$$ maker that costs $$10,900.$

The souffl$$ maker has an economic life of $8$ years and will be fully depreciated by the

straight$-$line method. The machine will produce $1,200$ souffl$$s per year, with each costing

$$2\mathrm{.}60$ to make and priced at $$4\mathrm{.}95.$ The discount rate is $10$ percent and the tax rate is $23$

percent. What is the NPV of the project? $($Do not round intermediate calculations

and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.