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PERIOD EBIT 0 1 $4,000 2 $5,500 3 $7,000 4 $9,000 The above table illustrates earnings before interest and taxes for a capital investment

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PERIOD EBIT 0 1 $4,000 2 $5,500 3 $7,000 4 $9,000 The above table illustrates earnings before interest and taxes for a capital investment project. Additional information for this project: initial cost of the investment = $30,000 change in net working capital = $5,000 (and all of this is recoverable at end of the project) erosion costs are $1,500, $1,000, and $500 for Years 1, 2, and 3 respectively tax rate = 29.0% WACC = 12.5% depreciation = straight line over six years salvage value is not an issue What is the net present value for this project? Enter your response as a regular dollar value, rounded to the nearest dollar. Of course, enter any negative number with a minus sign. Do not enter dollar signs, percent signs, or commas.

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