Replacing old equipment at an immediate cost of $$$$130$ comma $000$ and an additional outlay of $$$$10$ comma $000$ three years from now will result in savings of $$$$30$ comma $000$ per year for $6$ years. The required rate of return is $8\%$ compounded annually. Compute the net present value and determine if the investment should be accepted or rejected according to the net present value criterion.

Question content area bottom

Part $1$

The net present value of the project is $$$

$$

enter your response here.

$($Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as$$ needed.$)$

Part $2$

The proposal should be

$$

accepted.

rejected.