United Iigpen is considering a proposal to manufacture high$-$protein hog teed. The project would make use of an existing ware house, which is currently rented out to a neighboring firm. The nexi year's rental charge on the warehouse is $$135,000,$ and thereafter, the rent is expected to grow in line with Inflation at $4\%$ a year. In addition to using the warehouse, the proposal envisages an investment in plantand equipment of $$1\mathrm{.}41$ million. This could be depreciated for tax purposes straight$-$line over $10$ years. However, Pigpen expects to terminate the project at the end of $8$ years and to resell the plant and equipment in year $8$ for $$470,000.$ Finally, the project requires an immediate investment in working capital of $$385,000.$ Thereafter, working capital is forecasted ito be $10\%$ of sales in each of years $1$ through $7.$ Year $1$ sales of hog feed are expected to be $$4\mathrm{.}90$ million, and thereafter, sales are forecasted to grow by $5\%$ a year, slightly$]$ faster than the inflation rate. Manufacturing costs are expected to be $90\%$ of sales, and profits are subject to tax at $35\%.$ The cost of capital is $12\%$

Whatisthe NPV of Pigpen's project?

Answer is complete but not entirely correct.

$\backslash$table$[[$NPV$,$$$,215,$thousand$]]$