5.) Foxglove Corp. is faced with an investment project. The following information is associated with this project: Year Net income* Allowable deprecation for 3-yr. MACRS class 1 $50,000 0.33 2 60,000 0.45 3 70,000 0.15 4 60,000 0.07 *Assume no interest expenses and a zero tax rate. The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated salvage value of $15,000. In addition, the company expects an initial increase in net operating working capital of $5,000 which will be recovered in year 4. The cost of capital for the project is 12%. What is the project's net present value? (Round the final answer to the nearest whole dollar.)