Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate for projects like this, Year 1 2 3 4 5 Cash Flow -$2,300,000 875,123 1,366,222 145,000 850,499 1,504,445 I 18. What is the NPV of the project? (4 points) should management go ahead with the project? (1 points)

Crescent Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses an 18 percent discount rate for projects like this, 18. What is the NPV of the project? (4 points) should management go ahead with the project? (1 points)