Dog Up$!$ Franks is looking at a new sausage system with an installed cost of $$358,800.$ This cost will be depreciated straight$-$line to zero over the project's $9-$year life, at the end of which the sausage system can be scrapped for $$55,200.$ The sausage system will save the firm $$110,400$ per year in pretax operating costs, and the system requires an initial investment in net working capital of $$25,760.$

If the tax rate is $22$ percent and the discount rate is $16$ percent, what is the NPV of this project?

Multiple Choice

$$89,602\mathrm{.}87$

$$78,281\mathrm{.}17$

$$70,616\mathrm{.}54$

$$74,147\mathrm{.}37$

$$59,294\mathrm{.}84$