Taufel, Inc. is considering implementing a cost$-$cutting project. The pre$-$tax cost reduction is expected to be $$18,000$ for each of the three years of the project's life. The project has an initial cost of $$40,000$ and belongs in a $20\%$ CCA class. The company has a tax rate of $32\%$ and the discount rate for the project is $9\%.$ The project can be sold to another company at the end of year $3$ for $$2,000.$ What is the NPV of the project?

$$771$

$$650$

$$1,056$

$$1,379$