A multinational corporation is considering expanding into a different emerging market, requiring an initial investment of $40 million. The revenue in year 1 is expected to be $8 million, growing by 10% annually for the next 8 years. Operating costs are expected to be 65% of revenue for the first 4 years and 60% for the remaining 4 years due to operational improvements. The local government provides a tax incentive, reducing the corporate tax rate from 25% to 20% for this period. The company's WACC is 10%, but the company adds a 4% risk premium to account for higher market risk. The salvage value of the infrastructure is projected to be $8 million at the end of the 8-year period. An additional $3 million will be required for working capital at the start of the project, which will be recovered fully by the end of the project. The inflation rate in the emerging market is expected to be 3% annually, and the exchange rate between the USD and the local currency is expected to depreciate by 1.5% annually. Based on the NPV calculation, should the company proceed with this investment?