A potential five-year project has a projected net cash flow of $30,000 in each of the five years (Year 1 to Year 5). The cost of the project, incurred in Year 0, is $100,000. The company's required rate of return is 20%. Fill in the columns headed 'Discounter' and 'NPV' in the table above. Advise the company as to whether or not to proceed with the project. Give the reason(s) for your advice.

Year Amount ($) Discounter NPV 0 -100,000 30,000 N 30,000 3 30,000 4 30,000 5 30,000 Total