13. Your firm has developed the below pro-forma income statement for a project with a required rate of return of 18%. The project with initially consume $40,000 of net working capital and will require a $50,000 fixed asset investment with a 5 year straight line depreciable life. Assuming the project's pro-forma income statement will remain constant for 5 years, should this project be accepted? Sales Variable Costs Gross Profit Fixed Costs Depreciation EBIT Taxes (34%) Net Income $320,000 $175,000 $25,000