Warnock Inc. is considering a project that has the following cash flow and WACC $($Cost of Capital$)$ data. What is the project's NPV$?$ Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC or K:

$8\mathrm{.}00\%$

Year

$2$

$3$

Cash flows

$-$$$950$

$$500$

$$400$

$$300$