Question 1 8 pts Swim Locker Inc. sells swimming apparel and accessories; its WACC is 11.8 percent. Time Machine Inc. sells watches and has a WACC of 12.9 percent. Swim Locker is considering adding waterproof watches to their product line. The initial cash outlay for the watch project is $172,000. The expected net cash inflows (incremental to the watch project) are $67,000 a year for 5 years. What is the net present value of this opportunity for Swim Locker? Round your answer to two decimal places, and omit dollar signs (i.e., enter -$2,001.243 as -2001.24)