The UltimateFlyingDisc Company considering a new expansion project that requires a fixed asset purchase of $$400$ that will be incurred today.

The fixed asset is expected to last for $10$ years and be worthless at the end of its useful life. The depreciable base is the entire amount of investment, and straight line depreciation will be

used. The project is expected to generate $$520$ in cash flows per year and incur $$310$ in expenses per year, both starting in one year and continuing at the end of each year over the project

life. IF the tax rate is $30\%$ and the required rate of return is $8\%,$ what is the net present value of the project?

Project NPV $

Place your answer in dollars and cents. Work your analysis using at least $4$ decimal places of accuracy.

Notes on formatting: Do NOT include a dollar sign or a comma in your NPV$.$ For example, an answer of one hundred twenty dollars and fifteen cents would be placed as $120\mathrm{.}15.$ If

applicable, indicate negative amounts with a minus sign in front of the number.