BlackRock LLC. is a company whose assets are currently worth less than its face value of debt: the book value of debt is $2,500 and the market value of assets is $2,000. The company is considering investing in a one-year project with the payoffs as indicated below. The discount rate is 15%, there is a 0% tax rate, and the cost of investment is $2,000. The firm's assets are to be entirely invested in this new project. What is the NPV to bondholders from this investment?

Probability Payoff in Year 1

20% $4,000

80% $500