Juliar Inc. has provided the following data concerning a proposed investment project: (Ignore income taxes.)

Initial investment	$	180,000
Life of the project		11 years
Annual net cash inflows	$	35,000
Salvage value	$	25,000

The company uses a discount rate of 13%.

Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

Required:

Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.)