Thomson Media is considering a new project that will cost the firm $70,000 for the equipment, which has a useful life of three years. Under the new tax law, the equipment is eligible for 100% bonus depreciation, so it will be fully depreciated at time zero. The equipment would be sold for $5,000 at the end of Year 3 when the project would be closed down. Also, additional net operating working capital (NOWC) in the amount of $10,000 would be required to implement the project, but it would be recovered at the end of the project's life. Revenues and operating costs in the amount of $61,000 and $30,000, respectively, are expected to be generated annually from the project over its three-year useful life. The cost of capital for the project is 10% and the tax rate is 25% Should the project be accepted and why?