A five-year project has a projected net cash flow of $15,000 in year 1, $25,000 in year 2, $30,000 in year 3, $20,000 in year 4, and $15,000 in year 5. It will cost $50,000 to implement the project. If the required rate of return is 20 percent, conduct a discounted cash flow calculation to determine the NPV. (Round your answer to nearest dollar amount)

The NPV for the project is