Kinky Copies may buy a high$-$volume copier. The machine costs $$220,000$ and this cost can be fully depreciated immediately. Kinky anticipates that the machine actually can be sold in $5$ years for $$48,000.$ The machine will save $$40,000$ a year in $($after$-$tax$)$ labor costs but will require an increase in working capital, mainly paper supplies, of $$20,000.$ The firm$$s tax rate is $21\%,$ and the discount rate is $6\%.($Assume the net working capital will be recovered at the end of Year $5.)$

What is the NPV of this project?

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to $2$ decimal places.