NPV

A project has an initial cost of $$70,000,$ expected net cash inflows of $$11,000$ per year for $12$ years, and a cost of capital of $10\%.$ What is the project's NPV$?($Hint: Begin by constructing a time line.$)$ Do not round intermediate calculations. Round your answer to the nearest cent.

$$\_\_\_\_\_\_\_\_[$do not copy from other responses $/$ please provide correct answer$]$