Dog Up$!$ Franks is looking at a new sausage system with an installed cost of $$730,000.$ This cost will be depreciated straight$-$line to zero over the project's $7-$year life, at the end of which the sausage system can be scrapped for $$100,000.$ The sausage system will save the firm $$213,000$ per year in pretax operating costs, and the system requires an initial investment in net working capital of $$65,000.$ If the tax rate is $25$ percent and the discount rate is $11$ percent, what is the NPV of this project?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

NPV

$$,160,101\mathrm{.}38$