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XYZ Inc

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XYZ Inc. is considering a new project with perpetual revenue of $650.000, cash costs of $420,000, and a tax rate of 35 percent. The firm plans to issue $350,000 of debt at an interest rate of 9 percent to help finance the initial project cost of $850,000. The levered discount rate is 12.5 percent. 
What is the net present value of this project? (Do not round your intermediate calculations. Round only your final answer up to 2 decimal places, if necessary. Note: Your final answer most be in dollars without the $ sign at the beginning)