Mattice Corporation is considering investing $$600,000$ in a project. The life of the project would be $6$ years. The project would require additional working capital of $$20,000,$

which would be released for use elsewhere at the end of the project. The annual net cash inflows would be $$150,000.$ The salvage value of the assets used in the project would

be $$30,000.$ The company uses a discount rate of $18\%.($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Required:

Compute the net present value of the project. $($Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest

whole dollar amount.$)$