XYZ is considering a project that would last for 3 years and have a cost of capital of 22.70 percent. The relevant level of net working capital for the project is expected to be $2,003.00 immediately (at year 0); $4,900.00 in 1 year; $15,900.00 in 2 years; and $0.00 in 3 years. Relevant expected revenue, costs, depreciation, and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. The tax rate is 46.40 percent. What is the net present value of this project? .

	Year 0	Year 1	Year 2	Year 3
Revenue	$ 0.00	$12,500.00	$14,000.00	$12,200.00
Costs	$ 0.00	$3,760.00	$3,580.00	$4,200.00
Depreciation	$ 0.00	$1,680.00	$1,950.00	$2,700.00
Cash flows from capital spending	$-5,950.00	$ 390.00	$ 170.00	$3,040.00