Dickinson Brothers, Inc., is considering investing in a machine to produce computer keyboards. The price of the machine will be $$1,250,000,$ and its economic life is five years. The machine will be fully depreciated by the straight$-$line method. The machine will produce $24,000$ keyboards each year. The price of each keyboard will be $$46$ in the first year and will increase by $3$ percent per year. The production cost per keyboard will be $$16$ in the first year and will increase by $4$ percent per year. The project will have an annual fixed cost of $$240,000$ and require an immediate investment of $$205,000$ in net working capital. The corporate tax rate for the company is $21$ percent. The appropriate discount rate is $8$ percent.

What is the NPV of the investment? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e