A new machine cost $49,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $1,000. The machine will be sold 5 years from now for $15,000. The machine will provide $19,000 per year in savings for 5 years and will require net working capital investment of $2,000. The tax rate is 11% and the discount rate is 12%.

Find the NPV of the project. Round your answer to the nearest dollar.