Maud'Dib Intergalactic has a new project available on Arrakis. The cost of the project is $33,500 and it will provide cash flows of $17,800, $22,800, and $20,700 over each of the next three years, respectively. Any cash earned in Arrakis is "blocked" and must be reinvested in the country for one year at an interest of 3 percent. The project has a required return of 8 percent. What is the project's NPV?