VetVo Co. is considering making a new product. The new product is expected add $4.71 millions to the firm's sales and the expected costs are $1.08 millions. The shareholders of VetVo requires 14% return and the corporate tax rate is 34 percent. This project has three years life and requires $4.4 millions investment in fixed assets. The fixed assets are classified as 3-year MACRS assets. The expected salvage is $50,000. There is no change in net working capital. a. Calculate the NPV of the project. b. Should the firm take the project? State your reasons. Answer format: Round to two decimal places. Do not use dollar sign or thousands separators.