A five-year project has a projected net cash flow of $23,000 in year 1, $26,000 in year 2. $27,000 in year 3, $20,000 in year 4, and $17,000 in year 5. It will cost $50,000 to implement the project. If the required rate of return is 35 percent, conduct a discounted cash flow calculation to determine the NPV. (Round your answer to nearest dollar amount. Negative amount should be indicated by a minus sign.) The NPV for the project is