A project equipment cost is $90,000 and it will last 5 years. The equipment is depreciated over 4 (no depreciation in the fifth year) years with equal weight towards a $10,000 salvage value (straight line). Cash sales are $100,000 per year and costs of goods sold (COGS) are $70,000. The appropriate discount rate is 14% and the corporate tax rate is 21%. Calculate the project net present value and determine whether the project should be accepted or rejected.