6 (3 points) Listen A company plans to invest in a new manufacturing project over the next 12 years. The project will require an initial investment of $65,000, and an additional investment of $26,000 in Year 5. Starting in Year 2, the company will reduce their labour costs by $14,500 a year for the next 5 years, and $9000 a year for the next 4 years. At the end of the project, there will be a residual value of $24,000. 1. If the company's cost of capital is 11%, calculate the net present value for this project. (Show ALL Cash Flow entries in the table provided.) 2. Should the company undertake the project? Explain your answer. Paragraph BI UA = 11. If the company's cost of capital is 11%, calculate the net present value for this project. (Show ALL Cash Flow entries in the table provided.) Year Net Cash Flow 2. Should the company undertake the project? Explain your