A project has an initial equipment cost of $10,000. The project will go on for 2 years. The equipment cost will be depreciated straight line over the 2 years to $2,000 salvage value. Cash sales are expected to be $25,000 per year and costs of goods sold are 60% of sales. The appropriate discount rate is 12% and the corporate tax rate is 20%. a. Calculate the project net present value? Should the project be accepted? b. The project will require $8,000 working capital in year 0. What is the project net present value? Should the project be accepted