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A project costing $56,000 today is expected to earn $9,000 next year, followed by $17,000 each subsequent year in perpetuity. Cost of capital is 6.7%.

A project costing $56,000 today is expected to earn $9,000 next year, followed by $17,000 each subsequent year in perpetuity. Cost of capital is 6.7%. What is this project's NPV? Round to the nearest whole number.

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