Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $$38,000$ to purchase equipment. The equipment will have a residual value at the end of its life of $$4,000.$ The useful life of the equipment is $6$ years. The new project is expected to generate additional net cash inflows of $$25,000$ per year for each of the six years. Coyne's required rate of return is $14\%.$ The net present value of this project is closest to:

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