XYZ Corporation is considering an investment that requires an initial outlay of $$1,000,000.$ The project is expected to generate cash inflows of $$300,000$ in Year $1$ increasing by $$50,000$ each year until Year $5.$ However, the project will also incur annual operating expense of $$100,000$ starting from Year $1.$ If XYZ Corporation's discount rate is $12\%.$ Please find the NPV of this investment?