Aerospace Dynamics will invest $$205,000$ in a project that will produce the following cash flows. The cost of capital is $11$ percent. $($Note that the fourth year$$s 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

$1$ $ $67,000$

$282,000$

$371,000$

$4(82,000)$

$5151,000$

What is the net present value of the project?

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places.

Should the project be undertaken?

multiple choice

yes

no