Two new software projects are proposed to a young, start$-$up company.

The Alpha project will cost $$520,000$ to develop and is expected to have annual net cash flow of $$60,000.$

TheA five$-$year project has a projected net cash flow of $$24,000$ in year $1,$ $$29,000$ in year $2,$ $$28,000$ in year $3,$ $$16,000$ in year $4,$ and $$18,000$ in year $5.$ It will cost $$50,000$ to implement the project. If the required rate of return is $34$ percent, conduct a discounted cash flow calculation to determine the NPV$.($Round your answer to nearest dollar amount. Negative amount should be indicated by a minus sign.$)$