A proposed five-year project will require $589,000 for fixed assets, $79,000 for inventory, and $43,000 for accounts receivable. Accounts payable are expected to increase by $47,000. The fixed assets will be depreciated straight-line to a zero book value over five years. No bonus depreciation will be taken. At the end of the project, the fixed assets can be sold for $225,000. The net working capital returns to its original level at the end of the project. The operating profit per year is projected to be $67,900. The tax rate is 21 percent and the required rate of return is 12 percent. Should this project be undertaken? Provide all supporting calculations and reasoning for your answer.