TB $14-373$ Riyad Co is considering a project which has...

Riyad Co is considering a project which has an initial cash outlay of $$725,000$ and projected cash inflows of $$215,000$ in year one, $$425,000$ in year two, and $$412,000$ in year three. The firm uses $35\%$ debt and $65\%$ common stock as their capital structure. The company$$s cost of equity is $14\%$ while the after$-$tax cost of debt for the firm is $5\%.$ The project is a little riskier than its current operations. Thus, management has decided to add an additional $1\mathrm{.}5\%$ to their company$$s overall cost of capital when evaluating this project. What is the projected net present value of the new project?