A company is developing a special vehicle for Arctic exploration. The development requires an initial investment of $65,000 and investments of $52,000

and $42,000 for the next two years, respectively. Net returns beginning in Year 4 are expected to be $26,000 per year for 11 years. If the company requires a rate of return of 8%, 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.)