5. (4 points) (Ignore income taxes in this problem.) New Tattoo Parlor is considering a capital budgeting project. This project will initially require a $25,000 investment in equipment and a $3,000 working capital investment. The useful life of this project is 6 years with an expected salvage value of zero on the equipment. The working capital will be released at the end of the 6 years. In addition, the new system will require a $2,000 retro fit at the end of year 4. The new system is expected to generate net cash inflows of $9,500 per year in each of the 6 years. Nevus' discount rate is 14%. The net present value of this project is closest to