A firm has the opportunity to invest in a project that costs $47,000 and is expected to generate total cash flows of $20,000, $30,000, and $10,000 in years 1-3, respectively. The firm faces a 21% tax rate and has the following financing outstanding: Debt: 80,000 bonds with an annual coupon rate of 6% with a current price quote of 104.25 and 30 years to maturity. Preferred stock: 100,000 shares of 8 percent preferred stock with a current price of $93 and a par value of $100. Common stock: 2,000,000 shares outstanding, selling for $40 per share. The company will pay a dividend of $5 per share and expects it to grow at 3 percent annually. The firm will have to issue new securities to finance the project. Flotation costs for new common stock are 7 percent, for new preferred stock, 5 percent, and for new debt, 4 percent. Compute the NPV and indicate whether the project should be accepted.