Canyon Buff Enterprise is thinking about investing in a mine at a cost of $40,000. This mine will produce $5,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 6% per year forever. If the appropriate interest rate is 8%, then the NPV of this investment is ____. Should Canyon Buff Enterprise accept this project?

		-$4,286. Should reject the project
		$210,000. Should accept the project.
		-$4,286. Should accept the project
		$31,429. Should accept the project.
		$35,714. Should accept the project.