Snowy Mountain Timber Ltd is considering purchasing a new wood saw that costs $70,000. The saw will generate revenues of $100,000 per year for five years. The cost of materials and labour needed to generate these revenues will total $60,000 per year, and other cash expenses will be $10,000 per year. The machine is expected to sell for $3,500 at the end of its five-year life and will be depreciated on a straight-line basis over five years to zero. Snowy Mountains tax rate is 34 percent, and its opportunity cost of capital is 10.70 percent. The project's NPV is $ .

The project should be (accept or rejected?).

(Round your intermediate calculations to three decimal places and round each of your final answers to the nearest dollar. Use parenthesis to enter negative amounts.)