Kwon Jewelers is evaluating a 1-year project that would involve an initial investment in equipment of $27,000 and an expected cash flow of $34,500 in 1 year.The project has a cost of capital of 8.74 percent and an internal rate of return of 27.78 percent.If Kwon Jewelers were to use $27,000 in cash from its bank account to purchase the equipment, the net present value of the project would be $4,727.However, Kwon Jewelers has no cash in its bank account, so using money from its account is not possible.Therefore, the firm would need to borrow money to raise the $27,000.If Kwon Jewelers were to borrow money to raise the $27,000, the interest rate on the loan would be 12.36 percent.Kwon Jewelers would receive $27,000 at the start of the project and would pay $30,337 one year later.What is the NPV of the project if Kwon Jewelers borrows $27,000 to pay for the project?