Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate for project.

Year		Cash Flow
0		-$3,524,500
1		$938,910
2		$969,800
3		$1,149,000
4		$1,263,360
5		$1,409,200

What is the NPV of this project? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)

The NPV is

$

Should management go ahead with the project?

The firm should

acceptreject

the project.