Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $$55,000$ per year for $7$ years. At the beginning of the project, inventory will decrease by $$16,000,$ accounts receivables will increase by $$21,000,$ and accounts payable will increase by $$15,000.$ At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $$249,000.$ The equipment will be depreciated straight$-$line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $$48,000.$ What is the net present value of this project given a required return of $9\mathrm{.}9$ percent?