5. Coco company is considering a project of investing $618,000 on an equipment with 3 years of economic life. The equipment will depreciate to a book value of zero using the straight-line depreciation method over its project life. The project will generate an annual operating cost saving of $265,000. The estimated salvage value of the equipment at the end of the project is $60,000. The project will need an additional working capital of $23,000 at the beginning of the project. Suppose the annual tax rate is 34% and required rate of return is 9%, should Coco take this project? (20 marks)