Aerospace Dynamics will invest $110,000 in a project that will produce the following cash flows. The cost of capital is 11 percent. (Note that the fourth years cash flow is negative.) Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year	Cash Flow
1	$ 36,000
2	44,000
3	38,000
4	(44,000)
5	81,000

What is the net present value of the project?

Note: Do not round intermediate calculations and round your answer to 2 decimal places.

Should the project be undertaken?