2. (10 pts.) Breakout Sports Strategies is contemplating an investment in a new project. The company spent $80,000 on a marketing study to evaluate this project. According to the study, the new online division will yield an increase in sales of $47,000 for fiscal 2021 (year ending March 31, 2021), and grow by 4% annually for the next 5 years. The project is projected to be profitable only for the next 5 years, as competition thereafter will obviate the use of this technology. The cost of putting together the website and related upgrades to the software they use will be $123,000 up front. Thereafter, the costs of using the new system are relatively low, requiring only $8,000 annually to maintain the system, and no additional staffing will be required. The particular nature of the costs allows the company to expense them all in the current year instead of depreciating them. The tax rate for the company is 23%, and the appropriate discount rate is 6%. Calculate the net present value of the project, and explain why they should or should not pursue the project