You are considering the investment project summarized by the cash flows and timeline below. If the discount rate is $5\%,$ what is the net present value of this project? Would you accept or reject the project?

Year $0$: cash outflow $($cost$)$ of $$50,000$

Year $1$: cash inflow of $$20,000$

Year $2$: cash inflow of $$11,000$

Year $3$: cash inflow of $$10,000$

Year $4$: cash inflow of $$12,000$