Sandhill Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,000. I

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Sandhill Company is considering a long-term investment
project called ZIP. ZIP will require an investment of $130,000. It
will have a useful life of 4 years and no salvage value. Annual
cash inflows would increase by $80,600, and annual cash outflows
would increase by $38,300. The company’s required rate of return
is 11%. Click here to view the factor table.

Calculate the net present value on this
project. (If the net present value is negative,
use either a negative sign preceding the number eg -45 or
parentheses eg (45). Round present value answer to 0 decimal
places, e.g. 125. For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
Whether this project should be accepted?