1. [Investment decision] Your firm is considering the purchase of a new $500,000 conveying robot. The new robot will be depreciated straight-line to zero over its five-year life. It will be worth $35,000 at the end of that time. You will save $14,000 before taxes per year in delivery processing cost, and you will be able to reduce working capital by $65,000 (this is a one-time reduction). If the tax rate is 24% and discount rate is 10%, will you accept or reject this project?