Aerospace Dynamics will invest $124,000 in a project that will produce the following cash flows. The cost of capital is 13 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		$	45,000
2			57,000
3			51,000
4			(48,000	)
5			80,000

a. What is the net present value of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.) b. Should the project be undertaken?

	Yes
	No