A shoe manufacturing firm wants to consider a new project where it wants to recycle plastic waste into durable shoes for men and women. At this point, the project details are as follows: Initial investment capital investment required: $4 million (for machinery). This investment could be depreciated straight line for tax purposes over 5 years. At the end of the project, the firm expects to sell this machinery for $ 0 (no residual value) First-year sales are expected to be $ 5 million, and this is expected to grow at 6% per year over the life of the project. Other costs (excluding depreciation) is expected to be 65% of revenues. Year O working capital requirements are 15% of sales in year 1 and thereafter, will keep up with sales at this rate through the life of the project. Corporate tax rates are 40%, and the Weighted Average cost of capital of the firm is 12%. What is the NPV of the project? Should the project be undertaken? Answers with excel formulas will be preffered