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%.

Year	Amount ($)	Discounter	NPV
0	-100,000
1	30,000
2	30,000
3	30,000
4	30,000
5	30,000
Total

1. Fill in the columns headed 'Discounter' and 'NPV' in the table above.(10 marks)

[Show workings here]

1. Advise the company as to whether or not to proceed with the project. Give the reason(s) for your advice.(10 marks)