Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $ 47000 to purchase equipment. The equipment will have a residual value at the end of its life of $ 4000 . The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $ 23000 per year for each of the five years. The company's required rate of return is 10 %. The net present value of this project is closest to