Dog Up$!$ Franks is looking at a new sausage system with an

initial cost of $$470,000$ that will last for five years. The fixed

asset will qualify for $100$ percent bonus depreciation in the first

year, at the end of which the sausage system can be scrapped for

$$63,000.$ The sausage system will save the firm $$144,000$ per year in

pretax operating costs, and the system requires an initial

investment in net working capital of $$27,500.$ If the tax rate is $23$

percent and the discount rate is $11$ percent, what is the NPV of

this project? $($Do not round intermediate calculations and round

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