Capital Budgeting: Net Present Value (NPV) Analysis with Tax: A company is considering investing in a new project that requires an initial outlay of $200,000. The project is expected to generate annual cash flows of $60,000 for 5 years. The company's tax rate is 25%, and the required rate of return is 12%. Calculate the net present value (NPV) of the investment, considering tax effects, and determine whether the project should be undertaken.