Joe Sixpack Inc. is considering an investment that will cost is $400,000. The investment is expected to return the following cash flows, discounts at 8%

Year 0 ($400,000) initial investment

Year 1 $140,000

Year 2 120,000

Year 3 100,000

Year 4 80,000

Year 5 80,000

Year 6 50,000

Year 7 0 end of project.

Using net present Value (NPV) analysis, should Joe Sixpack undertake this project? Please calculate the overall projected Net Present Value for the project.