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The machinery required for a three year project costs $20,000, belongs in a 15% CCA class, and will require a net working capital investment of

The machinery required for a three year project costs $20,000, belongs in a 15% CCA class, and will require a net working capital investment of $5,109 up-front. The project generates after-tax operating income of $11,005. The fixed assets will be sold for $2,000 at the end of the project. If the firm has a tax rate of 34% and a required return of 10%, what is the project NPV? Enter the answer without the $ sign, and rounded to 2 decimal places.

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