Atlas Company is upgrading to more efficient production equipment. Here are the details: 1. The new equipment will cost $2,000,000 and shipping costs of $10,000 will be incurred. 2. The equipment will have a salvage value of $150,000 in four years. 3. The new equipment will allow you to make more of your product in the same amount of time. As a result, total sales will increase by 20% over the current amount of 117,000 units and stay at this new level for each year of the project. The sales price will remain unchanged at $30 per unit. 4. Because your production will be increasing, inventory levels will need to increase by $40,000 and accounts receivable will also increase by $30,000. 5. Rather than paying your suppliers within 10 days, you will move to 30 day payments which will increase accounts payable by $20,000. 5. Rather than paying your suppliers within 10 days, you will move to 30 day payments which will increase accounts payable by $20,000. 6. The equipment will be depreciated for tax purposes at CCA rate of 20%. 7. The company's tax rate is 40% and the company requires a rate of return of 7% on all capital expenditure projects. Based on a NPV analysis, should the project be accepted or rejected? Show your work. (Use the CCA tax shield formula method, like the assignment)