A company is considering a project that will require a cost outlay of $17,200 per year for 3 years. At the end of the project the salvage value will be $15,000. The project will yield returns of $60,000 in Year 4 and $20,000 in Year 5. There are no returns after Year 5. Alternative investments are available that will yield a return of 14.2%. Should the company undertake the project?

present value of the cash inflows
net present value
should investment be accepted or rejected?
present value of the cash outlays