A project has an initial equipment cost of $4,000. The project will go on for 2 years. The equipment cost will be depreciated in a straight line over the 2 years to $0 salvage value. Cash sales are expected to be $9,000 per year and costs of goods sold $6,000 per year. The appropriate discount rate is 10% and the corporate tax rate is 20%.

What is the project net present value? Should the project be accepted?

please answer in excel or word format