An investment requires an outlay of $70,000 today. Cash inflows from the investment are expected to be $30,000 per year at the end of years 3, 4, 5, 6, and 7. If you require a 19 percent rate of return on this type of investment, compute the net present value of investment. Use Table II and Table IV to answer the question. Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any.
Should the investment be undertaken?