(Ignore income taxes in this problem.) The following data pertain to an investment:

cost of the investment $18,955

life of the project 5 years

annual cost saving $5,000

estimated salvage value $1,000

Discount rate 10%

The net present value of the proposed investment is:

It the NPV is negative, enter your number with a - in front. Otherwise, just enter the number.

ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.