A company is developing a special vehicle for Arctic exploration. The development requires an initial investment of $70,000 and investments of $53,000 and $40,000 for the next two years, respectively. Net returns beginning in Year 4 are expected to be $33,000 per year for 11 years. If the company requires a rate of return of 11%, 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 $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.)