Indiana Screen Company is evaluating the purchase of a new cutting machine. The machinery will cost $$400,000$ and will last for the five$-$year length of the project. The company will use the Modified Accelerated Cost Recovery System $($MACRS$)$ and will designate the machinery as Seven$-$Year Property, which has the following cost allocations: Year One $14\mathrm{.}29\%,$ Year Two $24\mathrm{.}49\%,$ Year Three $17\mathrm{.}49\%,$ Year Four $12\mathrm{.}49\%,$ Year Five $8\mathrm{.}93\%,$ Year Six $8\mathrm{.}92\%,$ Year Seven $8\mathrm{.}93\%$ and Year Eight $4\mathrm{.}46\%.$ At the end of the project the machine can be sold for $$50,000.$ It is estimated that the first year cost savings from using the new machine will be $$100,000$ with that amount increasing by $4\%$ for each year of the project. The company borrows at $4\%,$ but it has not yet decided if it will pay cash or finance the purchase. The company will initially need supplies of $$8,000$ to support the equipment, with that amount decreasing $$750$ each year. The company$$s Tax Rate is $22\%,$ while the required return for projects of this sort is $10\%.$ Using the process from lecture, what is the NPV of the project? $($Round your answer to the nearest dollar$)$

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