Epsilon Electronics is considering the purchase of testing equipment that will cost $$575,000$ to replace old equipment. Assume the new equipment will generate before$-$tax savings of $$318,000$ per year over the four years. The new equipment will result in additonal depreciation of $$48,000$ per year. If the cost of capital is $11\%$ and the tax rate is $30\%,$ what is the NPV of the project.