Niwot Inc. is considering an investment that will generate $$600,000$ in cash inflows per year for $7$ years and has $$360,000$ of cash outflows for the same period $($before income taxes$).$ The cost of the asset is $$420,000$ and it will be depreciated using straight$-$line depreciation over the $7$ year life. The asset has no salvage value. Niwot's tax rate is $30\%.$ The cost of capital is $9\%.$

Factors: Present Value of an Annuity

What is the NPV$?$