Suppose a company has proposed a new 4-year project. The project has an initial outlay of $20,000 and has expected cash flows of $7,000 in year 1, $9,000 in year 2, $12,000 in year 3, and $14,000 in year 4. The required rate of return is 17% for projects at this company. What is the net present value for this project? (Answer to the nearest dollar.)