A company is developing a special vehicle for Arctic exploration. The development requires an initial investment of $70,000 and investments of $51,000 and $42,000 for the next two years, respectively. Net returns beginning in Year 4 are expected to be $27,000 per year for 14 years. If the company requires a rate of return of 10%, compute the net present value of the project and determine whether the company should undertake the project.

The net present value of the project is $ _.