You are considering starting an air delivery business. Your willneed to spend $98,000 today to purchase the airplane and othernecessary equipment. You expect to generate cash flows (afterexpenses) of $20,000 per year for the first five years and then$19,000 per year for the next 5 years. At the end of 10 years, youthink you can sell the business for about $93,000.

If your required return is 13.9%, what is the NPV of thisproject?

Round your answer to two decimal places.