A manufacturing company is considering investing in a new production facility. The initial investment is $1,000,000, with expected annual cash flows of $300,000 for the next 5 years. Calculate the net present value (NPV) of the investment at a discount rate of 10%. Discuss the implications of NPV analysis for capital budgeting decisions and how it aids in evaluating long-term investments. Additionally, explore factors that may influence the decision to undertake the investment project.