Kennedy Air is evaluating a new project. The equipment will cost $50,000 plus $10,000 to install. It will be depreciated using the MACRS 3-year class. The project would require an increase in inventories of $6,000 and an increase in A/P of $1,000. The firms yearly revenues would increase by $40,000 but would also increase operating costs by $10,000. The project is expected to last 3 years and the equipment can then be sold for $10,000. The firms tax rate is 40% and their cost of capital is 12%. What is the projects NPV?