The table below offers EBIT for a potential capital investment for Fake Company Delta (FCD). The bullet items provide additional information. What is this project's NPV?

The initial investment is $24,000.

Depreciation is straight line over four years.

An additional $1,750 in net working capital is needed right now, but this is 100% recoverable at the end of Year 4.

The company's WACC is estimated to be 11.75%.

Company analysts estimate cash flow from salvage will be $4,000.

Company analysts also estimate erosion costs of $1,900 in Year 1 and $1,500 in Year 2.

The company's tax rate is 27.0%.

	Year 1	Year 2	Year 3	Year 4
EBIT	$1,700	$2,950	$3,000	$3,500