You are trying to value the following investment opportunity: The investment will cost you $5,607 today. In exchange for your investment you will receive cash payments for 6 years. The first payment will occur after one year and will be $1,600. Afterwards, cash payments will grow by 1.6% annually. The last payment is at the end of year 6. The applicable interest rate for this investment opportunity is 5% (effective annual rate). Calculate the NPV of this investment opportunity. Round to two decimals (do not include the $-sign in your answer).