The XYZ Company has the opportunity to invest in a new venture, which would have a working lifetime of 5 years. The new venture would generate the following increases in XYZ net cash flows. In the first year of the new venture, the new plant would increase revenue by $50,000. For the following 4 years the revenue would increase at a rate of 10 per cent per annum. The cost of the equipment is $200,000 and XYZ cost of capital is 9 per cent. Calculate the NPV of the project. Should XYZ take on the venture? Round off to three decimal digits.