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Cullumber Compacts will generate cash flows of $29,300 in year 1, and $65,600 in year 2. However, if it makes an immediate investment of $20,600,

Cullumber Compacts will generate cash flows of $29,300 in year 1, and $65,600 in year 2. However, if it makes an immediate investment of $20,600, it can instead expect to have cash streams of $57,400 in total in year 1 and $62,700 in year 2. The appropriate discount rate is 10 percent.

Calculate the NPV of the proposed project. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 2 decimal places, e.g. 25.25.)

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