A new machine cost $47,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 5 years from now for $12,000. The machine will provide $12,000 per year in savings for 5 years and will require net working capital investment of $4,000. The tax rate is 16% and the discount rate is 12%. Find the NPV of the project, Round your answer to the nearest dollar