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You are evaluating an investment project costing $11,000 initially. The project will lose 5,000 in year 1 and earn 9,000 in year 2 and then

You are evaluating an investment project costing $11,000 initially. The project will lose 5,000 in year 1 and earn 9,000 in year 2 and then create net cashflows of 4,000 per year for 8 more years, according to the following 10-year schedule: If the appropriate discount rate is r = 5%, what is the NPV of this project? 

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