I want a professionally presented (on Excel or on Excel & Word file) and well organized document. The Edmonton Fabricating Company (EFC) manufactures snow blowers. EFC is investigating the feasibility of a new line of cordless snow blower. The new manufacturing equipment to produce the new line of snow blower will cost $700,000. The installation costs are expected to be $50,000, the setup costs are expected to be $30,000 and the training costs are expected to be $20,000. The company has just finished a marketing feasibility and this study strongly endorses going ahead with a further financial study to evaluate the overall feasibility of the project. The cost of the marketing study was $50,000. The projected useful life of the new equipment is 8 years, and the project unit sales are expected to be: YEAR UNIT SALES 1 3,000 2 3,300 3 3,500 4 3,700 5 4,000 6 4,250 7 4,300 8 4,300 The new cordless snow blower would be priced to sell at $300 per unit and the variable operating costs are expected to be 55% of sales. After the first year, the sales price is estimated to increase by 2% every year. The total fixed operating costs are expected to be $150,000 per year and would remain constant over the life of the project. The project would require $40,000 in working capital at the start (time period zero). The estimated salvage value of the equipment after 8 years is $150,000. The marginal tax rate is 40%. The CCA rate of the equipment is 20%. The company uses the DCF model to determine the cost of retained earnings and new common stock. You have been provided with the following data: D0 = $0.80; P0 = $22.50; g = 8.00% (constant) and F=9.00%. The company's 9.25% coupon rate, semi-annual payment, $1,000 par value bond that matures in 20 years sells at a price of $1,075. The new bonds would be privately placed with no flotation costs. The target capital structure is 40% debt, 40% common equity (retained earnings) and 20% common equity (new common stock). REQUIRED: What is the net present value of this project? Should the project be undertaken by Edmonton Fabricating Company (EFC)