Vail Recreation is analyzing a project that will generate cash flows of $10,650, $11,600, $14,700, and $9,200 over each of the next four years, respectively. The profitability index (PI) is the way they analyze their investment projects. The appropriate required return for a project like this is 9 percent. This project has a PI of 1.347. Based on this information provided, determine the Time 0 cost for this project.