You are considering the investment project summarized by the cash flows and timeline below. If the discount rate is 7.5%, what is the net present value of this project? Would you accept or reject the project?

Year 0: cash outflow (cost) of $2,000

Year 1: cash inflow of $1,000

Year 2: cash inflow of $1,200

Year 3: cash inflow of $1,350

Year 4: cash inflow of $750