Organic Farms is considering an investment in a new irrigation system that will cost $65,000 and last for four years. The firm's cost of capital,...

Organic Farms is considering an investment in a newirrigation system that will cost $65,000 and last for fouryears. The firm's cost of capital, appropriate for thisproject, is 8.00% per year. The incremental free cashflows for the irrigation project are as follows:YearFree Cash Flows0-$65,00020,300220,300320,300420,300Compute the NPV for the project.Round your answer to the nearest penny. For example,$2,371.243 should be entered as 2371.24