Cautionary Tales, Inc., is considering the acquisition of Danger Corp. at its asking price of $170,000. Cautionary would immediately sell some of Danger's assets for $17,000if it makes the acquisition. Danger has a cash balance of $1,700 at the time of the acquisition. If Cautionary believes it can generate after-tax cash inflows of $24,000 per year for the next 8 years from the Danger acquisition, should the firm make the acquisition? Base your recommendation on the net present value of the outlay using Cautionary's 12% cost of capital.

a. The net present value of the acquisition is $? (Round to the nearest dollar.)

b. ?