Andronicus Corporation $($AC$)$ has the following jumbled information about an investment proposal:

a$.$ Revenues in each of years $1-4=$$$26,000$

b$.$ Year $0$ initial investment $=$$$46,000$

c$.$ Inventory level $=$$$13,000$ in year $1,$$$14,100$ in year $2,$ and $$8,000$ in year $3$

d$.$ Production costs $=$$$8,800$ in each of years $1-4$

e$.$ Salvage value $=$$$12,600$ in year $4$

f$.$ Depreciation $=100\%$ immediate bonus depreciation

g$.$ Tax rate $=21\%$

h$.$ There is an additional $6-$month lag for all cash flows after year $0.$ For example, customers pay consistently with a $6-$month lag, as AC does for production costs, taxes, etc.

Draw up a set of cash flow forecasts as in Table $6\mathrm{.}4.$ If the cost of capital is $12\%,$ what is the project's NPV$?$ Assume that, if the project generates losses, those losses can be used to offset profits for tax purposes elsewhere in the business.

Note: Do not round your intermediate calculations. Round your final answer to the nearest whole dollar amount.

NPV