XYZ industries owns a machine that was purchased $2$ years ago fo $$2\mathrm{.}50$ million. The depreciation rate $($CCA rate$)$ is $30\%$ and as usual the half year rule is applied. The machine will be operational for $3$ more years, at which time its resale value will be $$0\mathrm{.}3$ million but it could be sold now for $$0\mathrm{.}5$ million. If XYZ industries buys a new machine now at $$5$ million, to replace the old machine, the incremental Operating Cash Flows $($OCF$)$ will be $$0\mathrm{.}5$ million each year $.$ Also at time t $=0,$ before production begins, inventory will be increased by $$0\mathrm{.}2$ million to handle the new machine. This increase in inventory will be liquidated at the end of the project at t$=3$ for $$0\mathrm{.}2$ million. The salvage value of the new machine is expected to be $$0\mathrm{.}9$ million at the end of three years. The firm's tax rate is $30\%$ and its weighted average cost of capital is $10\%.$ What is Net Present Value $($NPV$)$ of the project? Round to the nearest thousand and express the result in thousands. For example, if your answer is $$98,765,432\mathrm{.}10,$ enter $98765$ without the comma or dollar sign.