Consider a project that would cost $60,000$ now. This project will deliver cash flows in the future as follows: $25,350$ at the end of year $2$; $40,630$ at the end of year $3$; $7,330$ at the end of year $4$ and $5,460$ at the end of year $5.$

The discount rates for each individual year are $6\%$ for year $1,6\%$ for year $2,8\%$ for year $3,9\%$ for year $4$ and $11\%$ for year $5.$ What is this project$$s net present value $($NPV$)$ to the nearest pound$()$