The introduction of a new product requires an initial cash outlay of $$200,000$ today

and another cash outlay of $$100,000$ in $5$ years from today. The anticipated $($net$)$ returns on marketing

the product is expected to be $$14,800$ at the end of every year for twenty years. Also, the company

will receive a salvage or residual value of $$120,000$ for the $$original plant investment$$ in ten years.

Given interest rates are assumed to by $4\%$ compounded annually, determine the Net Present Value

$($NPV$)$ of this project. Please show all steps.