The following data pertain to an investment proposal $($Ignore income taxes.$)$:

Cost of the investment

Annual cost savings

Estimated salvage value

Life of the project

Discount rate

$$52,000$

$$16,000$

$$8,000$

$5$ years

$13\%$

Click here to view and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the proposed investment is closest to: $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$