Your firm is contemplating the purchase of a new $$555,000$ computer$-$based order entry system. The system will be depreciated straight$-$line to zero over its five$-$year life. It will be worth $$77,000$ at the end of that time. You will be able to reduce working capital by $$102,000($this is a one$-$time reduction$).$ The tax rate is $24$ percent and the required return on the project is $12$ percent.

If the pretax cost savings are $$150,000$ per year, what is the NPV of this project? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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