Shinoda Manufacturing, Incorporated, has been considering the purchase of a new

manufacturing facility for $$460,000.$ The facility is to be fully depreciated on a straight$-$

line basis over seven years. It is expected to have no resale value at that time. Operating

revenues from the facility are expected to be $$370,000,$ in nominal terms, at the end of

the first year. The revenues are expected to increase at the inflation rate of $5$ percent.

Production costs at the end of the first year will be $$215,000,$ in nominal terms, and they

are expected to increase at $6$ percent per year. The real discount rate is $8$ percent. The

corporate tax rate is $22$ percent. Calculate the NPV of the project. $($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV