Antonio Melton, the chief executive officer of Finch Corporation, has assembled his top advisers to evaluate an investment opportunity.

The advisers expect the company to pay $$417,000$ cash at the beginning of the investment and the cash inflow for each of the

following four years to be the following. Note that the annual cash inflows below are net of tax.

Mr$.$ Melton agrees with his advisers that the company should use a desired rate of return of $12$ percent to compute net present value to

evaluate the viability of the proposed project. $($PV of $$1$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required

a$.$ Compute the net present value of the proposed project. Should Mr$.$ Melton approve the project?

b$.$&c$.$ Shawn Love, one of the advisers, is wary of the cash flow forecast and she points out that the advisers failed to consider that the

depreciation on equipment used in this project will be tax deductible. The depreciation is expected to be $$83,400$ per year for the

four$-$year period. The company's income tax rate is $35$ percent per year. Use this information to revise the company's expected cash

flow from this project. Compute the net present value of the project based on the revised cash flow forecast. Should Mr$.$ Melton

approve the project?

Note: For all requirements, Negative amount should be indicated by a minus sign. Round your intermediate calculations and final

answers to the nearest whole dollar.