ABC Corporation has just developed a new product, and the company is deciding whether to manufacture and sell the new product or not. The new product will only be in demand for the next 10 years. It is estimated that 100,000 units of the new product can be sold in each of the 10 years. The selling price is expected to be $50 per unit, while variable and fixed costs are estimated to be 60% of the selling price and $1,000,000 per year, respectively. To start manufacturing and selling the new product, the company needs to purchase: a machine costing $2,000,000 now. The CCA rate for the machine is 20%, while the company uses the straight-line method to depreciate the machine for accounting purposes. At the end of the 10th yar, the estimated residual value of the machine is $200,000. In addition, the company will need to contribute $200,000 of net working capital initially, as well as an additional $500,000 of net working capital at the end of the fifth year. The applicable corporate tax rate is 30%, while the required rate of return is 10% per. year. calculation. Should ABC Corporation manufacture and sell the new product or not? Show your