Project L has an initial required investment of $100,000. It will generate cash inflows of $30,000 per year in Year 1 and Year 2; $25,000 per year in Years 3, 4, and 5; and no cash flows in Year 6 and beyond. The applicable cost of capital is 8%. Calculate the net present value of Project L. (If necessary, round your answer to the nearest whole dollar)