Reliable PLC is appraising a four year investment project. The initial investment is 100,000. The forecast cash flows (ignoring tax and inflation) are as follows: The project is expected to have a scrap value of 10,000 at the end of the four year project life. The level of working capital investment at the start of each year is expected to be 15% of the sales revenue in that year. The discount rate is 8%. Calculate the net present value on the assumption that the cash flows are not subject to risk. Comment on whether Reliable PLC should invest in the project