3 B D E ABC Company is studying a project that would have a five year life and require a $1,600,000 investment in the equipment. At the end of five years, the project would terminate and the equipment would have no value left over. The project would provide net income each year as follows: Yr2020 Dec31, 2020. 0 Sales 1 Less COGS #2 Gross Margin 13 4 Less: Operating Expenses 15 Advertising and other fixed exp 16 Salary Expense 17 Amortization Expense 18 Total Expenses 19 20 21 Net Income 22 23 The company's discount rate is 18% 24 3,200,000 300,000 2,900,000 1,200,000 1,400,000 100,000 2,700,000 200,000 25 26 Required: 27 Please compute the net present value of the project. Is it acceptable? 28 29