You have been hired as a consultant for Pristine Urban$-$Tech Zither, Inc. $($PUTZ$),$ manufacturers of fine zithers. The market for zithers is growing quickly. The company bought some land three years ago for $$1\mathrm{.}32$ million in anticipation of using it as a toxic waste dump site but has recently hired another company to handle all toxic materials. Based on a recent appraisal, the company believes it could sell the land for $$1,420,000$ on an aftertax basis. At the end of the project, the land could be sold for $$1,520,000$ on an aftertax basis. The company also hired a marketing firm to analyze the zither market, at a cost of $$117,000.$ An excerpt of the marketing report is as follows:

The zither industry will have a rapid expansion in the next four years. With the brand name recognition that PUTZ brings to bear, we feel that the company will be able to sell $3,000,3,900,4,500,$ and $3,400$ units each year for the next four years, respectively. Again, capitalizing on the name recognition of PUTZ, we feel that a premium price of $$570$ can be charged for each zither. Since zithers appear to be a fad, we feel at the end of the four$-$year period, sales should be discontinued.

PUTZ feels that fixed costs for the project will be $$385,000$ per year and variable costs are $15$ percent of sales. The equipment necessary for production will cost $$2\mathrm{.}7$ million and will be depreciated according to a three$-$year MACRS schedule. At the end of the project, the equipment can be scrapped for $$360,000.$ Net working capital of $$117,000$ will be required immediately and will be recaptured at the end of the project. PUTZ has a $23$ percent tax rate and the required return on the project is $13$ percent. Refer to Table $8\mathrm{.}3.$

What is the NPV of the project? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$