At stage 2 (1 year from now) of the decision tree, it shows that if a project is successful, the payoff will be $54000 with a 70% chance of occurrence. If unsuccessful, the payoff is $-24000. The cost of getting to stage 2 is $44000. The cost of capital is 15%.

What is the NPV of the project at stage 1 (year 0)?(Round answer to 0 decimal places, round intermediate calculations to 5 decimal places)