You have been asked to evaluate an infinitely$-$lived project. Sales in the first year are projected to be $$150.$ Costs are projected at $$80.$ There is no depreciation, and the tax rate is $25\%.$ The real required return is $12\%.$ The inflation rate is projected to be $6\%.$

Sales and costs will increase at the rate of inflation. The project costs $$400.$

What is the NPV$?$