Problem $13-27$ NPV $($LG$13-3)$

Suppose your firm is considering investing in a project with the cash flows shown below,

that the required rate of return on projects of this risk class is $11$ percent, and that the

maximum allowable payback and discounted payback statistics for your company are $3\mathrm{.}0$

and $3\mathrm{.}5$ years, respectively.

Use the NPV decision rule to evaluate this project. $($Do not round intermediate

calculations and round your final answer to $2$ decimal places.$)$