David Booth is interested in investing in some tools and equipment so that he can do independent drywalling. The cost of the tools and equipment is $30,000. He estimates that the return from owning his own equipment will be $9,000 per year. The tools and equipment will last six years.

Assuming a required rate of return of 8 percent for David Booth, calculate the NPV of the investment. If required, round to the nearest dollar.

NPV $