1.Altman Hydraulic Corporation will invest $ 160,000 in a project that will produce the cash flow shown below. The cost of capital is 11 percent. Should the project be undertaken? Use the net present value method. (Note that the third year's cash flow is negative).

YearCash flow

1.......................................$54,000

2........................................66,000

3........................................(60,000)

4.........................................57,000

5..........................................120,000