Citrus Company is considering a project that has estimated annual net cash flows of $28,755 for nine years and is estimated to cost $135,000. Citruss cost of capital is 11 percent.

Determine the net present value of the project. (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. Negative amount should be indicated by a minus sign. Round your final answers to 2 decimal places.)