Dubai Holding is considering investing in a new project with the following cash flows:

Year 0: Initial Investment = AED 1,500,000 Year 1: Cash Inflow = AED 300,000 Year 2: Cash Inflow = AED 500,000 Year 3: Cash Inflow = AED 700,000 Year 4: Cash Inflow = AED 800,000 Year 5: Cash Inflow = AED 1,000,000

If Dubai Holding's required rate of return is 10%, compute the Net Present Value (NPV) of the project and advise whether the investment should be undertaken.