3. Acme corporation is considering a project to make gizmos. The cash flow would be $425,000 per year. The project cost is $2.6 million and no matter when the project is started, gizmos would become obsolete in 10 However, the technology to produce gizmos is becoming cheaper by the year and the project costs are likely to decline by $230,000 per year until it reaches $1.45 million, after which there would be no more reduction in project cost. Acme's required return is 12 percent. Should the project be undertaken and if so, when? years