You MUST use the TI BA II calculator features $($N$,$ I$/$Y$,$ PV$,$ PMT$,$ FV$)$ to solve questions whenever possible. Jeremy is thinking of starting up a candle manufacturing business. The initial outlay for equipment, moulds, and other

required production equipment is $$15,000.$ Working part time on this hobby business, Jeremy estimates that he will lose

$$2,000$ in the first year, break even in the second year, and earn annual profits of $$5,000,$ $$10,000,$ and $$15,000$ in

subsequent years. After the five years, he hopes to sell the business to an investor for $$17,500.$ If his cost of capital is

$8\mathrm{.}25\%$ compounded annually, should he pursue this venture? Provide net present value calculations to support your

answer