A manufacturing company called ABC is considering launching a new product. Working on the business plan has shown that the new product has a market sale potential of 7 years. According to the analyses, after this period the product will be no longer able to compete, and its production will be discontinued. Detailed calculations concerning the planned revenues are presented in table below.

Forecast revenues (in EUR 000)

Period (years)	1	2	3	4	5	6	7
Revenues	600	600	900	850	600	600	550

It has been estimated that the outlays on production launch (investments, R&D, implementation) will amount to EUR 1,250 thousand. Moreover, it is necessary to make an in-kind contribution in the form of a land plot to the project. The book value of the in-kind contribution is EUR 350 thousand, but taking into account the current market situation, the financial profit gained from selling the plot is EUR 250 thousand after considering all transaction costs and tax savings. The average variable costs make up approx. 39% of the revenues. The amortization of investment outlays amounts to 12.5% annually it is expected that after year seven, the market value of the fixed asset will be worth about EUR 90 thousand. The performed analyses show that carrying out the project will lead to an increase in the level of the companys overheads to approx. EUR 95 thousand per year. The table below presents the forecast share of liabilities, production resources, and stock in the revenues.

A forecast of the share of components of working capital in revenues (in %)

Period (years)	1	2	3	4	5	6	7
Production resources	12	11	11	11	11	11	0
Stock of ready goods	8	8	9	9	9	9	0
Current liabilities	14	14	12	11	11	11	4

Source: authors own work.

The expected receivables turnover ratio is 21 days. The weighted average cost of capital of the company is 12%. Based on the presented data, please assess the feasibility of carrying out the project from the point of view of stockholders, using NPV and IRR measures to this end.