Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows: (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.) Initial investment (for two hot air balloons) $ 420,000 Useful life 10 years Salvage value $ 50,000 Annual net income generated 37,800 BBSs cost of capital 11 %

4. Recalculate the NPV assuming BBS's cost of capital is 15 percent. (Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.)