The GreenBall Inc. is evaluating the possibility of entering the golf ball manufacturing business. Last month the company spent $15m to rent the equipment for a small scale test run. Based on the results of the test run, the company came up with the following estimates: wwwwwww. The equipment has to be purchased at the beginning of the project (year 0). The original cost of the equipment is $105m, but the company can deduct the $15m payment it made to the equipment supplier last month for the test run if the company decides to purchase the equipment. The original cost of the equipment, $105m, will be depreciated straight line to zero over the project's 3-year life. The end-of-life salvage value is $30m. The planned factory site is currently rented out to a neighboring company. If the company decides to enter the golf ball manufacturing business, it will lose $25m in after-tax rental income every year during the project's 3-year life. Sales of golf balls are projected to be $90m, 210m, and $160m, for years 1,2, and 3 respectively; operating expenses are estimated to be 50% of sales. Net working capital (NWC) investment of $3m is needed at the beginning of the project (year 0). Afterwards, an additional annual investment (or spending) of $5m is necessary for years 1-2. At the end of the project, all NWC will be recovered. The company's tax rate is 30% and its cost of capital is 10%. Use the NPV decision rule to determine whether GreenBall Inc. should enter the golf ball manufacturing business or not. (15 pt)