QRG Accounting Services has been offered an upfront retainer fee by Igloo Chilled Products to provide accounting services. Under the deal, Igloo will pay a $30,000 retainer fee to QRG this month, and in return, Igloo would have access to 8 hours of accounting services from QRG each month for 12 months, starting next month. QRG's normal hourly rate is $250 for accounting services. Assuming that QRG's cost of capital is 12% EAR, then what is the NPV of this retainer offer?

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