3) The Jacob Beer Co. produces high-quality German beer. The firm is considering the production of a new light-calorie beer. The project will be expected to cost $550,000 up front and will generate earnings before interest and taxes of $75,000 per year (in perpetuity). To finance the project, the firm is considering taking out a loan and also investing its own equity capital and maintaining a constant debt-to-equity ratio of 30% over the life of the project. The cost of debt is 5.25% and the cost of equity is 8.383%. The corporate tax rate is 35%. Assume there are no working capital needs and that CAPEX is equal to Depreciation. Should the company invest in this new project