Dog Up! Franks is looking at a new sausage system with an installed cost of $725,400. 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 $111,600. The sausage system will save the firm $223,200 per year in pretax operating costs, and the system requires an initial investment in net working capital of $52,080. If the tax rate is 24 percent and the discount rate is 11 percent, what is the NPV of this project?

Please show ALL steps for NPV calculation