ABC Company is studying a project that would have a five year life and require a $1,600,000 investment in the equipment. At the end of five years, the project would terminate and the equipment would have no value left over. The project would provide net income each year as follows: Yr2020 Dec31, 2020. Sales Less COGS Gross Margin 3,200,000 300,000 2,900,000 Less: Operating Expenses Advising and other fixed exp 1,200,000 Salary Expense 1,400,000 Amortization Expense 100,000 Total Expenses 2,700,000 Net Income 200,000 E Lal The company's discount rate is 25% compute the net present value of the project. Is it acceptable? A