Cullumber Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$128,000.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$80,400,$ and annual cash outflows would increase by $$40,600.$ The company's required rate of return is $9\%.$

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Calculate the net present value on this project