Note: The following question is asking for almost identical analysis to what you've done several on Chapter $5$ & $6$ examples. Net present value $($NPV$)$ is simply

the present value of future cash flows minus the upfront cost $($the cost is represented as a negative cash flow at time $0).$ Put another way, NPV is the present

value of ALL cash flows, including the negative cash flow at time $0.$

A company is considering a project that will last for $4$ years with no residual value. The project has the following annual cash flows and details:

Time $0$: Cash flow $=-$$$165,000($Cost of project$)$

Time $1$: Cash flow $=$$$85,000,$ Net Income $=$$$47,500$

Time $2$: Cash flow $=$$$66,000,$ Net Income $=$$$28,500$

Time $3$: Cash flow $=$$$50,000,$ Net Income $=$$$12,500$

Time $4$: Cash flow $=$$$50,000,$ Net Income $=$$$12,500$

Average Book Value $=$$$82,500$

The required annual return on projects of this risk is $24\%.$

What is the net present value of the project? NPV $=$$

$($Round to the nearest dollar and do NOT use commas in your response$)$