Mars Limited is planning on investing in a new project. This will involve the purchase of some new machinery costing $$500$ million that will be fully depreciated over $6$ years. Mars Limited expects to receive incremental free cash flows of $$120$ million at the end of each year for $6$ years. $1.$ Calculate net present value for this project at weighted average cost of capital $($WACC$)$ of $11\%$ per annum.