An investment project has an initial cost of $60,000 and expected cash inflows of $12,500, $17,800, $21,600, and $25,800 over Years 1 to 4, respectively. If the required rate of return is 8 percent, what is the net present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 12.47.) Online calculator: https://www.desmos.com/scientific