$$ Beta Enterprise is considering a new $3-$year expansion project that requires an initial investment in fixed assets of $$1$million, and an initial investment in net working capital of $$100,000.$

$$ The fixed assets will be depreciated straight$-$line to zero over its $3-$year life, and will have a market value of $$120,000$ at the end of the project.

$$ The project is expected to generate $$600,000$ in annual sales, with costs of $$200,000.$

$$ If the required rate of return is $10\%$ and the corporate tax rate is $21\%,$ should this expansion project be accepted?