A firm is about to start producing a new transmitter machine. Management spent 3 million last year on test marketing and has developed a set of forecasts. Total expenses of the device will be 30 each, and they will sell them all for 100 each. They can produce 50,000 each year for the next five years, and they expect to sell them all each year. They would have to construct a manufacturing plant, which would cost 8 million to be constructed immediately and be depreciable over 10 years using straight-line depreciation. They would have to invest 3 million in inventory beginning today, and this amount would not change over the life of the project. In 5 years, they will quit, dispose of the plant for 1 million, and recover working capital. The tax rate is 40%, the firm uses stock financing, and stockholders require a 15% return. Should they accept the project? Show any needed calculations (Net Present Value NPV) and justify your answer.