Battery Centre is looking to expand operations by opening three retail shops selling car batteries directly to the public. The company policy is to acquire all its store locations. The following cash flows are forecast: Additional information: $$ The cost of land and buildings includes R$100,000$ which has been spent on legal fees. $55\%$ of the office overhead is a charge made for head office services. $$ Direct and Marketing costs all relate to the three retail stores. $$ Battery Centre anticipates selling the new stores at the end of year four for R$4$ million which includes R$75,000$ for fixtures and fittings. $$ It is estimated that $10\%$ of gross revenue would be required for working capital at the start of each year. The cumulative working capital will be fully recouped in year $4.$ Battery Centre is charged corporation tax at $30\%,$ It is collected one year in arrears. $$ The discount rate used is $12\%.$ Required: Using the net present value as an investment evaluation technique should Battery Centre invest in the three retail stores? Please substantiate your answer with a reason. Work to the nearest R$000($thousand$).$