Maginogion Motors has a proposed investment project with the following series of cash flows. Management requires and 8 percent rate of return on projects of this risk level and has a policy of not accepting projects with a payback period of more than three years. Should this project be accepted or rejected? What is its NPV?

0. 100,000

1. 30,000

2. 45,000

3. 55,000

4. 30,000

5. 10,000