You are considering the investment project summarized by the cash flows and timeline below. If the discount rate is 7%, what is the net present value of this project? Would you accept or reject the project?

Year 0: cash outflow (cost) of $4,000

Year 1: cash inflow of $2,000

Year 2: cash inflow of $1,050

Year 3: cash inflow of $1,300

Year 4: cash inflow of $800