An investment project promises to pay $1000 at the end of th…

An investment prоject prоmises tо pаy $1000 аt the end of the first yeаr. After this initial payment, the cash flows will grow at a constant rate of 7% for four more years. After the fifth year, growth rate will drop to 4%, and the payments will continue to grow at this rate indefinitely. All payments are made at the end of the year. If the project requires an initial investment of $15,000 and the appropriate annual discount rate for the project is 10%, what is the NPV of the project? Round your answer to the nearest cent and enter your answer without either the dollar sign or the thousands separator. For example, if the answer is $1,234.567, enter it as 1234.57. Answer: