Sarasota Company is considering investing in a new dock that will cost $710,000. The company expects to use the dock for 5 years, after which it will be sold for $450,000. Sarasota anticipates annual cash flows of $260,000 resulting from the new dock. The company's borrowing rate is 8%, while its cost of capital is 11%. Click here to view PV tables. Calculate the net present value of the dock. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.)

Net present value

$enter the net present value in dollars rounded to 0 decimal places

Indicate whether Sarasota should make the investment.

Sarasota select an option should reject should accept the project.