Silver Pond Sugar is evaluating a $3$ year project that would require an initial investiment inn equipment of $$501,000.$ Net working capital is expected to be $$53,000$ initially $($ar year $0).$ $$50,000$ in $1$ year, $$32,000$ in $2$ years, and $$0$ in $3$ years. in years $1,2,$ and $3,$ relevant revenue is expected to be $$284,000,$ relevant costs are expected to bee $$108,000$ and relevant depieciation is expected to be $$52,000.$ Capital spending would be $$0$ in year $1$ and $$0$ in year $2.$ The equipment would be sold for an after tax cash flow of $$158,000$ in $3$ years. The tax rate is $50$ percent and the cost of capitall is $6\mathrm{.}12$ percent. What is the net present value of the project? Input instructions: Round your answer to the nearest dollat dollars