$2.$ Analysis of an expansion projectCompanies invest in expansion projects with the expectation of increasing the earnings of its business.Consider the case of McFann Co$.$:McFann Co$.$ is considering an investment that will have the following sales, variable costs, and fixed operating costs:Year $1$Year $2$Year $3$Year $4$Unit sales$5,5005,2005,7005,820$Sales price$$42\mathrm{.}57$$$43\mathrm{.}55$$$44\mathrm{.}76$$$46\mathrm{.}79$Variable cost per unit$$22\mathrm{.}83$$$22\mathrm{.}97$$$23\mathrm{.}45$$$23\mathrm{.}87$Fixed operating costs except depreciation$$66,750$$$68,950$$$69,690$$$68,900$Accelerated depreciation rate$33\%45\%15\%7\%$This project will require an investment of $$10,000$ in new equipment. The equipment will have no salvage value at the end of the projects four$-$year life. McFann pays a constant tax rate of $40\%,$ and it has a weighted average cost of capital $($WACC$)$ of $11\%.$ Determine what the projects net present value $($NPV$)$ would be when using accelerated depreciation.