Genesis Company is considering investing in the manufacture and selling of a new product called Newton for six years. The accounting department has estimated the following financial data for the new product:

Cost of equipment needed

$$250,000$

Working capital needed

$$80,000$

Overhaul cost of the equipment in three years

$$12,000$

Salvage value of the equipment after $6$ years

$$14,000$

Annual Revenues and Costs

Sales Revenue

$$500,000$

Cost of Goods Sold

$$230,000$

Salaries and Other Costs

$$120,000$

Fixed operating costs

$$80,000$

The working capital will be released when the project expires in six years and it uses a discount rate of $12\%.$

Calculate the Net Present Value $($NPV$)$ of this investment opportunity.