Smith Inc. is considering launching a new product. The initial investment for equipment and set-up is $650,000. The top management has conducted several trips to different cities to gauge potential demand. These trips have cost the company approximately $190,000 so far. The project is expected to last for 6 years and generate a revenue of $350,000 in the first year, which will then increase by 2% each year throughout the entire project. The operating costs are estimated to be $200,000 for the first year and will remain constant for the entire project duration. If the project proceeds, the total investment in net working capital will increase by $80,000 initially, but the company will recover 50% of this investment at the end of the 5th year and 30% at the end of 6^th year. The tax rate is 30%, and the CCA rate is 20%. The equipment can be sold for $190,000 at the end of the project. To finance the project, the company will borrow $300,000 at a 5% interest rate and finance the remaining amount internally. The loan duration will match the project duration .The appropriate discount rate for the project is 10%. Determine if the company should undertake this project using NPV analysis.