The Major Mining Company is considering a project with an initial equipment investment of $121,000, in a 30% CCA class. The fixed assets will have a salvage value of $50,397 at the end of the 3 year project. An initial $21,000 investment in net working capital is required and will be fully recovered at the end of year three. Operating cash flow is expected to be $32,500 per year, in each of the three years. The tax rate is 35% and the required rate of return is 16%. The asset pool continues at the end of the project; hence the PVCCATS method will be used. What is the NPV? Should the company accept the project? Why or why not?