The Kellogg Company has to make a decision about expanding its production facilities. Research indicates that the desired expansion would require an immediate outlay of $53,000 and an outlay of a further $64,000 in five years. Net returns are estimated to be $16,000 per year for the first five years and $11,000 per year for the following ten years. Calculate the net present value of the project. Should the expansion project be undertaken if the required rate of return is 8%? If NPV is negative your answer must include the negative sign. Net Present Value (NPV) = Should the decision be Accept or Reject?