Fethe's Funny Hats is considering selling trademarked, orange$-$haired curly wigs for University of Tennessee football games. The purchase cost for a $2-$year franchise to sell the wigs is $$20,000.$ If demand is good $(40\%$ probability$),$ then the net cash flows will be $$25,000$ per year for $2$ years. If demand is bad $(60\%$ probability$),$ then the net cash flows will be $$6,000$ per year for $2$ years. Fethe's cost of capital is $11\%.$ Do not round intermediate calculations.

What is the expected NPV of the project? Negative value, if any, should be indicated by a minus sign. Round your answer to the nearest dollar.

Use decision$-$tree analysis to calculate the expected NPV of this project, including the option to continue for an additional $2$ years. Negative values, if any, should be indicated by a minus sign. Round your answer to the nearest dollar.