Skyline Corp. will invest $$210,000$ in a project that will not begin to produce returns until the end of the $3$rd year. From the end of the $3$rd year until the end of the $12$th year $(10$ periods$),$ the annual cash flow will be $$46,000.$

a$.$ Calculate the net present value if the cost of capital is $12$ percent. $($Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places.$)$