Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $$693,000$ that would be depreciated on a straight$-$line basis to zero over the $6-$year life of the project. The equipment will have a market value of $$185,000$ at the end of the project. The project requires $$55,000$ initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $$150,400$ a year. What is the net present value of this project if the relevant discount rate is $11$ percent and the tax rate is $23$ percent?