A company's weighted average cost of capital is 12.0% per year. A project requires an investment of $70,000 today and it will generate after-tax cash flows of $1,000 per month for the next seven years. What is the project's net present value? 1) -$13, 352 2) $13, 543 3) $12, 826 4) -$13,003 5) -$12, 154