ABC Company is considering investing in a new piece of machinery with a cost of $-10222. The asset has a three year life. The annual cash flows are estimated at:

Year 1 $2629

Year 2 $3906

Year 3 $4234

The discount rate is 8%

What is NPV? If NPV is negative, put a minus sign in front of the number. Round to the nearest whole number.

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