Compute the NPV statistic for Project K if the appropriate cost of capital is $7$ percent.

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to $2$ decimal places.

Project K

Time: $012345$

Cash flow: $$$$11,000$ $$5,500$ $$6,500$ $$6,500$ $$5,500$$$11,000$