Beyer Company is considering the purchase of an asset for $235,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Assume that Beyer requires a 12% return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $ 70,000 $ 49,000 $ 99,000 $ 133,000 $ 58,000 $ 409,000

a. Compute the net present value of this investment.

b. Should Beyer accept the investment?