PROBLEM $9-13.$ Comprehensive Capital Budgeting Problem $[$LO $1]$ True Fresh Grocery operates a chain of $40$ grocery stores. Currently the company is considering starting a new divi$-$sion, TrueFresh.com, to provide home delivery services. Customers will be able to order groceries by phone or using the Internet, and TrueFresh.com will deliver them within $24$ hours at a price guaranteed to be identical to the prices charged in the company's stores.The company has projected revenue and cost related to this business for the next $7$ years, as follows:Year $1|$Year $2$Year $3$Year $4$Year $5$Year $6$Year $7$Revenue$$1,700,000$$$1,870,000$$$2,057,000$$$2,262,700$$$2,488,970$$$2\mathrm{.}737,867$$$3\mathrm{.}011,654$Less expenses:Cost of merchandise$1,120,0001,175,0001,200,0001,200,0001,260,0001,300,0001,375,000$Salaries$350,000365,000380\mathrm{.}750397,000414,652432,884462,030$Depreciation$60,00060,00060,00060,00060,00060,00060,000$Miscellaneous$23,33321,66720,91728,00027,01528,78327,970$Total expense$1,553,3331,621,6671,661,6671,685,0001,761,6671,821,6671,925,000$Income before taxes$146,667248,333395,333577,700727,303916,2001,086,654$Taxes at $40\%58,66799,333158,133231,080290,921366,480434,662$Net income$ $88,000$$ $149,000$$ $237,200$$ $346,620$$ $436,382$$ $549,720$$ $651,992$The business will require an initial investment in delivery trucks and other equipment of $$500,000.$The trucks and equipment will be depreciated over a seven$-$year life using straight$-$line depreciation with a residual value of $$80,000.|$REQUIREDAssume that True Fresh has decided to limit its analysis to $7$ years. Calculate the net present value of the new business using a $14$ percent required rate of return. Should True Fresh make the investment in the new business?