A company plans to invest in a new manufacturing project over the next 10 years. The project will require an initial investment of $75,000, and an additional investment of $20,000 in Year 4. Starting in Year 2, the company will reduce their labour costs by $16,500 a year for 3 years, and $8,000 a year for the next 4 years. At the end of the project, there will be a residual value of $25,000. 1. If the company's cost of capital is 12%, 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 U ... 1. If the company's cost of capital is 12%, calculate the net present value for this project. (Show ALL Cash Flow entries in the table provided.) Year Net Cash Flow