A company is developing a special vehicle for Arctic exploration. The development requires an initial investment of $65,000 and investments of $53,000 and $42,000 for the next two years, respectively. Net returns beginning in Year 4 are expected to be $31,000 per year for 12 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.) The company undertake the project.