Klip's Corp. is expanding and expects operating cash flows of $54,500 a year for nine years as a result. This expansion requires $48,500 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $4,400 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 16 percent? Select one:​