Wary Corporation is considering the purchase of a machine that would cost $$335,000$ and would last for $5$ years. At the end of $5$ years, the machine would have a salvage value of $$48,000.$ The machine would reduce labor and other costs by $$101,000$ per year. The company requires a minimum pretax return of $10\%$ on all investment projects. $($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Required:

Determine the net present value of the project.

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Net present value