Idea Corp. has a potential new product. The cost of equipment for manufacture is $$1,000,000.$ It is estimated that the market for the product will last only $3$ years.Revenues less expenses before the CCA deduction and before tax is estimated at $$500,000$ per year over the $3$ years of the equipment's useful life. Working capital requirements will increase by $$75,000.$ At the end of $3$ years, the equipment will be sold for $100,000,$ and the working capital will be returned.Idea Corp. will use the accelerated investment incentive of $1\mathrm{.}5$ times for the first year CCA. The CCA rate is $30\%,$ the tax rate is $25\%,$ and the cost of capital is $15\%.$Should Idea Corp. go ahead with the new product? Ignore the tax effects of the final sale of the used equipment. Show your calculations.