A project proposal has been received by RKD Ltd$.$ To capture a new market segmentwhich is expected to generate substantial revenue for the firm. The project requiresmachinery to be imported from France and the cost of machinery is $$4\mathrm{.}8$ million. Basedon the assessment of the marketing team of RKD Ltd$.,$ it is predicted that additionalrevenue generated from the project will be around $$2\mathrm{.}5$ Million per year for the next fiveyears and after that, the market will cease to exist. To have a conservative assessment, the proposal suggests using the SLN method of depreciation for the machinery over itsfive$-$year economic life to depreciate the asset to Zero Value. The cost of goods sold,and other operating expenses related to the project are predicted to be $25\%$ of sales.Additionally, the project would require a net working capital of $$350,000$ immediatelywhich can be utilized in any other project after the current project ends. The machinerymay be salvaged post$-$closure of the project for $$500,000.$ Assuming the corporate tax@ $30\%$ and the required rate of return$/$hurdle rate for RKD Ltd to take up the project as$20\%,$ take a call if RKD can proceed with the project? Provide a holistic view of theproject and rationale for accepting or rejecting the project proposal based on NPV$,$ IRR,PBP$,$ DPBP$,$ and PI criteria. Make and state any necessary assumptions if required.Create a dynamic model using to evaluate the above problem. The model shoulduse cell referencing to ensure changing of assumptions$/$input items and thereforeautomatically reflecting changes in the final decision.