Eastern Tech is considering a new project that will require $$123,000$ of fixed assets and net working capital of $$15,000.$ The fixed assets will be depreciated on a straight$-$line basis to zero salvage value over $3$ years. The project is expected to produce an operating cash flow of $$47,000$ in the first year with that amount decreasing by $5\%$ annually for two years before the project is shut down. The fixed assets can then be sold for $$45,000$ at the end of the project and all of the working capital will be recovered. The discount rate is $15\mathrm{.}5\%$ and the tax rate is $23\%.$