please do Not solve it in excel please

2. [14 Points] Blue Ribbon, Inc., is considering a new two-year expansion project that requires an initial fixed asset investment of $4 million. The fixed asset actually falls into the three-year MARCRS class (as shown in the Table below). Suppose that at the end of the project, the fixed asset will have a market value of $2.5 million. The project is estimated to generate $4 million in annual sales and costs are 40% of annual sales. The project also requires an initial investment in net working capital of $450,000 and the investment in net working capital will be fully recovered at the end of the project. If the tax rate of the firm is 21% and the required return on the project is 12%, what is the project's NPV? Should the firm accept this project? Modified ACRS (MACRS) Depreciation Schedule Property Class Year Three-Year 1 33.33% 2 44.45 3 14.81 4 7.41 Sum 100%