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You are evaluating an investment project that requires an initial outlay of $ 1 0 8 , 0 0 0 today. You expect the project

You are evaluating an investment project that requires an initial outlay of $108,000 today. You expect the project to generate future cash inflows $47,000 per year for 6 consecutive years, with the first inflow occurring 11 years from today. If the cost of capital is 5%, what is the project's NPV? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number.

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