URGENT

A company is planning to invest $110,000 (before tax) in a personnel training program. The $110,000 outlay will be charged off as an expense by the firm this year (year 0). The returns from the program in the form of greater productivity and a reduction in employee turnover are estimated as follows (on an after-tax basis):

Years 17:	$9,000 per year
Years 814:	$23,000 per year

The company has estimated its cost of capital to be 10 percent. Assume that the entire $110,000 is paid at time 0 (the beginning of the project). The marginal tax rate for the firm is 40 percent.

Compute the project's net present value. Use Table II and Table IV to answer the question. Round your answer to the nearest dollar. $

Should the firm undertake the training program?

The firm -Select-shouldshould notItem 2 undertake the training program.