A company wants to expand by buying another machine in order to produce more products. The machine will cost $21993 and installation costs are expected to be $4283. The machine is expected to generate incremental after-tax cash flows of $7382 in the first year, $17142 in the second year and $16835 in the final year. What is the net present value of the project if the required rate of return is expected to be 11.4% (Please round your answer to the nearest dollar but exclude the $ sign when typing your answer.)