Find the net present value (NPV) for a proposed project costing $70,131. Assume that the appropriate cost of capital for projects of this risk level, at this company is 6.55%, and the estimated cash flows for the life of the project are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 $12,639 $2,934 $3,240 $2,789 $17,676 $9,251 $16,031 $6,174