Compute the Net Present Value (NPV) for the following investment, given a discount rate of 8%.

Cash Flows:

• Initial Investment: $120,000
• Year 1: $25,000
• Year 2: $30,000
• Year 3: $35,000
• Year 4: $40,000
• Year 5: $45,000

Requirements:

1. Calculate the present value of each cash flow.
2. Sum the present values.
3. Subtract the initial investment from the sum of present values to get the NPV.
4. Determine if the investment is feasible (NPV > 0).