[25 points) Wells Printing is considering expanding its business by purchasing a printing press. The cost of the press is $2 million. Installation costs amount to $200,000. As a result of acquisition of the press, sales in each of the next 5 years are expected to be $1.6 million from this new line of business, but product costs (excluding depreciation) will represent 50% of sales. The press will not affect the firm's net working capital requirements. The press will be depreciated under a straight line method using a 5-year recovery period. The firm is subject to a 40% tax rate. Wells Printing's cost of capital is 11%. (Note: Assume that the press will have a terminal value of $110,000 at the end of year 5.) Cash a. Determine the initial investment required by the press. b. Determine the operating discounted cash inflows from years 1 to 5 attributable to the press including the terminal flow c. Find the NPV of the project_ d. Make a recommendation to accept or reject the press, and justify your