The Jonson Novelty Company is trying to decide whether to invest $130,000 today to purchase specialized equipment that would be used to make a novelty product. The product would be fairly short lived (being a novelty), and the company expects that it would make profits of $45,000 per year for the next three years. After that the equipment would be worthless and no further sales of the product would be made. The appropriate discount rate for this risky project is 20 percent.

Question: The net present value of this investment is $_______. (Enter your response rounded to two decimal places.) The Jonson Novelty Company should [not make the investment/make the investment]