Cisco is considering the development of a wireless home networking appliance, called HomeNet. The company expects to sell $370000$ units per year over the project's life at an expected wholesale price of $170.$ Actual production will be outsourced at a cost of $96$ per unit. Additionally, the company will spend $$27000$ in interest expense each year towards financing the project. In year $1,$ the firm must increase its accounts receivable by $$870000,$ which will return to regular levels at the end of the project. The company spent $$291000$ last year on software to develop the router. $$106\mathrm{.}8$ million of new equipment will be purchased and then depreciated using the straight$-$line method over a $10-$year life. They expect the market value of the equipment to depreciate at $6\mathrm{.}6\%$ per year. The project is expected to end in year $7.$ The current tax rate is $21\%.$ Use this rate for both income tax rate and the capital gains rate. The WACC for the company is $12\mathrm{.}6\%.$ What is the NPV of the project?${}_{\stackrel{}{x}}$