Hamilton Control Systems will invest $$65,000$ in a temporary project that will generate the following cash inflows:

Year Cash Flow

$1$ $$24,000$

$237,000$

$334,000$

The firm will also be required to spend $$17,000$ to close the project at the end of the three years.

a$.$ Compute the net present value if the cost of capital is $12$ percent. $($Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Negative answer should be indicated by a minus sign. Omit $ sign in your response.$)$

NPV $

b$.$ Should the investment be undertaken?

multiple choice

Yes

No