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A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Time (years) Cash

A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Time (years) Cash Flow

0 $ -34,000

1 15,000

2 15,001

3 13,000

What is the NPV of the project if the opportunity cost of capital is 24 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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