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Consider the following information about a proposed project: Increased Sales $4,000 per year Increased expenses $3,000 per year Tax rate 25% The project costs $12,000

Consider the following information about a proposed project:

Increased Sales $4,000 per year
Increased expenses $3,000 per year
Tax rate 25%

The project costs $12,000 and will be depreciated on a straight line basis over a 9 year life.

If the discount rate is 13%, what is the NPV of this project?

Round your answer to 2 decimals, for example 100.12.

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