A company is considering a project with the following characteristics:

Initial investment:

$$6,500$

Working capital required:

$$1,000$

Annual net cash flows for $4$ years: $$4,000$ per year

The working capital will be released at the end of the $4-$year project. The company's discount rate is $8\%.$

What is the Net Present Value of this project? $($Use the present values tables above for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar.$)$