The Spartan Technology Company has a proposed contract with the Digital Systems Company of Michigan. The initial investment in land and equipment will be $$260000.$ Of this amount, $$210000$ is subject to $55-$yearMACRS depreciation. The balance is in nondepreciable property. The contract covers $6$ years; at the end of the six years, the non$-$depreciable assets will be sold for $$50000.$ The depreciated assets will have $0$ resale value. The contract will require an additional investment of $$56000$ in working capital at the beginning of the first year and, of this amount $$36000$ will be returned to the spartan technology company after $6$ years. The investment will produce $$81000$ in income before depreciation and taxes for each of the six years. The corporatoin is in a $25$ percent tax bracket and has a $6$ percent cost of capital.

Calculate the net present value.