6- The following cash flows result from a potential construction contract for Erstwhile Engineering.

1-Receipts of $500 000 at the start of the contract and $1 200 000 at the end of the fourth year.

2- Expenditures at the end of the first year of $400 000 and at the end of the second year of $900 000.

3- A net cash flow of zero at the end of the third year.

Using an appropriate rate of return method, for a MARR of 25 percent, should Erstwhicle Engineering accept this project?