A company is considering constructing a plant to manufacture a proposed new product. The land costs $350,000, the building costs $650,000, the equipment costs $250,000, and $80,000 additional working capital is required. It is expected that the product will result in sales of $900,000 per year for 10 years, at which time the land can be sold for $350,000, the building for $400,000, and the equipment for $40,000. All of the working capital would be recovered at the EOY 10. The annual expenses for labor, materials, and all other items are estimated to total $500,000. If the company requires a MARR of 16% per year on projects of comparable risk, determine if it should invest in the new product line. Use the AW method