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 $$60000$ and an outlay of a further $$60000$ in $5$ years. Net returns are estumated to be $$15000$ per year for the first $5$ years and $$10000$ per year for the following $10$ years. Find the net present value of the project. Should the expansion project be undertaken if the tequired rate of return is $12\%?$