Maple Media is considering a proposal to enter a new line of business. In reviewing the proposal, the companys CFO is considering the following: The project is expected to generate $1 million in sales in year 1, $2 million in year 2, $3 million in year 3, $1 million in year 4 and zero thereafter. Operating costs excluding depreciation are 70% of sales. The project requires additional fixed assets that cost $600,000 in year 0. These assets are depreciated according to the MACRS 5-year schedule: 20%, 32%, 19.2%, 11.52%, 11.52%, 5.76%. The depreciation schedule extends from year 1 through year 6. At year 4, the company will exit the business and sell the fixed assets for $200,000. The project requires $50,000 in net working capital in year 0. Net working capital in years 1-3 equals 15% of annual sales. Net working capital equals zero in year 4. The tax rate is 25%. The cost of capital is 12%