Jolly Roger$$s is a national chain of seafood restaurants that has been very successful over the past $20$ years. However, the growth potential in this market has declined and therefore Roger is contemplating investing in a new line of business$$a pet store. Roger can enter this new field by purchasing and renovating a small building a few blocks from South Beach for a cost of $$530,000,$ which will be depreciated on a straight$-$line basis to a zero book value over $10$ years. Although the depreciable life is $10$ years, the entire project is expected to be sold off for a salvage value of $$100,000$ at the end of $8$ years. It is estimated that the project would generate sales of $$480,000$ per year. Variable costs $($including all labor and material$)$ will be $65\%$ of sales, and fixed annual operating expenses are expected to be $$75,000$ per year. About $$60,000$ of added receivables and inventories will be needed. Accounts payable are expected to increase by $$25,000.$ Roger currently has a cost of capital of $15\%,$ which corresponds to a beta of $2\mathrm{.}0.$ A pet store has a beta of $1\mathrm{.}2.$ The rate of return on the market portfolio is $10\%.$ Roger$$s tax rate is $21\%.$ What is the NPV of this project?