Question $1$: Apollo Machines is considering a $4-$year project with an initial cost of $$200,000.$ The equipment depreciation is straight$-$line to zero over the life of the project.$$ The firm believes that they can sell the equipment for the salvage value of $$50,000$ at the end of the project.$$ The tax rate is $21\%.$ The project requires no additional working capital over the life of the project.$$ Annual after$-$tax operating cash flows are $$55,000.$ Assuming a required rate of return of $10\%,$ what is the NPV of this project?$$ Answer without a $ sign, and to two decimal places.