A new washer costs $12,000. The old one can be sold for $2,000. The new washer will last 7 years and save $4,000 per year in expenses. The new washer will be depreciated on a straight line basis to zero. The tax rate is 29% and the required return is 9%. What is the NPV of this project? Answer to 2 decimals places, for example 543.12.