The Masefield Corporation is considering a project which requires an expenditure of $$100,000$ initially, at $t=0.$ It will then obtain additional

revenues from sales of $$150,000$ per year for the next two years and $t=2$ with expenses of $$30,000$ per year for operating costs attributed

to the project but not including the depreciation of the initial expenditure of the $$100,000.$ The depreciation used is straigh$-$line with zero salvage,

meaning an equal amount each year for the two$-$year life of the project. Masefield's weighted average cost of capital is $14\mathrm{.}18\%$ and it is taxed at a

$30\%$ rate. What is the net present value for the project?