Sheila has determined the NPV of a proposed eight-year project to be $24,000 in order to provide a 16% rate of return. She failed to consider a requirement for an additional $40,000 cash outlay for working capital, which would be recoverable at the end of the project. Assume the present value of $1 at 16% to be received after 8 periods is 0.30500. What would the net present value of the project be after considering working capital?