Northern Track is developing a special vehicle for Arctic exploration. The development requires investments of $60 000, $50 000, and $40 000 for the next 3 years, respectively. Net returns beginning in Year 4 are expected to be $33 000 per year for 12 years. If the company requires a rate of return of 14%, compute the net pre- sent value of the project and determine whether the company should undertake the project.