A new 5-year project has expected sales of 4,500 units, 6 percent; variable costs per unit of $25, 3%; annual fixed costs of $52,000, 4 percent; annual depreciation of $35,000; and a sale price of $52 a unit, 4 percent. The project initially requires $175,000 of fixed assets and $40,000 of net working capital. At the end of the project, the net working capital will be recouped and the fixed assets will produce an aftertax cash inflow of $28,000. The tax rate is 23 percent and the discount rate is 12 percent. What is the net present value of the pessimistic scenario?