A firm has a target debt-equity ratio of 0.8. The cost of debt is 5.5% and the cost of equity is 14.5%. The company has a 34% tax rate. A project has an initial cost of $66,000 and an annual after-tax cash flow of $23,000 for 6 years. There is no salvage value or net working capital requirement.

What is the net present value of the project using the WACC?

NOTE: Keep at least 4 decimal places for INTERMEDIATE CALCULATIONS. Enter your FINAL ANSWER to TWO decimal places. Do NOT include a $ sign.