Johnny's Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $20,000 and will be depreciated straight-line over 5 years to a salvage value of zero. The grill will have no effect on revenues, but will save Johnny's $7,000 in energy expenses. The tax rate is 28 percent.

If the discount rate is 11 percent, what is the net present value of the grill? Use the correct value for operating cash flow. Enter your answer below.