B Year Cash flow PV Present Value 0 -65000 1 -65000 1 13000 0.877193 11403.51 2 13000 0.769468 10003.08 3 13000 0.674972 8774.63 4 13000 0.59208 7697.044 5 13000 0.519369 6751.793 6 13000 0.455587 5922.625 7 13000 0.399637 5195.285 8 13000 0.350559 4557.268 9 13000 0.307508 3997.603 10 13000 0.269744 3506.67 11 13000 0.236617 3076.026 5885.529 NPV NPV A project has an initial cost of $65,000, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of 14%. What is the project's NPV? (Hint : Begin b constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent. $