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ABC Inc.is considering a project with an initial cost of$1,596.The project will not produce any cash flows for the first four years.Starting in year five,the

ABC Inc.is considering a project with an initial cost of$1,596.The project will not produce any cash flows for the first four years.Starting in year five,the project will produce cash inflows of$630a year for four years.Ifthediscount rate of9.8percent,what is the project's net present value?

Enter your answer rounded off to two decimal points.Do not enter$or comma in the answer box.For example,if your answer is$12.345then enter as12.35in the answer box.

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