Replacing oid equipment at an immediate cost of $90,000 and an additional outlay of $20,000 three years fromi now will resuat in savings of $22.000 per year for 8 yoars. The required rate of relurn is 14% compounded annually. Compute the het present value and determine if the investment shocid be accepted or rejected according to the net present value criterion. The net present value of the project is $ (Round the final answer to the nearest dollar as needed. Round all intermediate valuen to six decimal places as needed) The proposil should be