A four (4) year financial projection for a project has net yearly cash flows of $20,000 (Year 1), $25,000 (Year 2), $30,000 (Year 3), and $50,000 (Year 4). It will cost the company $100,000 of initial investment to implement the project. If the companys hurdle rate is 15% and the estimated annual inflation for the next four years is 4%, calculate the Net Present Value (NPV) for the project.

Recommend whether the company should invest in this project. Why or why not?