3. Meyer Corp. is planning an investment from the greenfield on a newly developed product. Its machinery and equipment will cost $2,350,000, with an expected life of 7 years, will be imported from EU, and installation will require $200,000. There will be $175,000 of royalty payment. Annual sales are estimated as $3,750,000 and are all cash while GM 40% and inventory turnover is 5 times. Accounts payable estimated as $145,000. Opex other than depreciation will be $190,000, corporate tax rate is 22% and discount rate is 14%. Should they make the investment? Use NPV for decision naking