Firm Y has the opportunity to invest in a new venture. The projected cash flows are as follows:

Year $0$: Initial cash investment in the project of $$332,000.$

Years $1,2,$ and $3$: Generate cash revenues of $$58,800.$

Years $1,2,$ and $3$: Incur fully deductible cash expenditures of $$35,280.$

Year $3$: Incur nondeductible cash expenditure of $$11,760.$

Year $3$: Receive $$332,000$ cash as a return of the initial investment.

Required:

Assuming a $6$ percent discount rate and a $30$ percent marginal tax rate, compute the NPV of the cash flows resulting from investment in this opportunity. Use Appendix A and Appendix B$.$

Note: Round discount factor$($s$)$ to $3$ decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount. Cash outflows and negative amounts should be indicated by a minus sign.