BACKGROUND: ABC is a manufacturer of medical devices. They buy components from others and complete the final assembly. Because the components are specialized, they have to buy them in large quantities and they are stored in an off-site warehouse that is 2 hours away. CURRENT STATE: Every day, the company has a truck that brings them to the manufacturing facility at a cost of $800 per day. The factory runs 5 days per week for 50 weeks a year. Additionally, the company pays the warehousing facility $420,000 per year for holding their goods. Both the weekly trucking and warehouse storage are expected to increase annually at 2.8% which is the inflation rate FUTURE STATE: A promising young engineer is looking at building a warehouse on property the company already owns next to the factory and eliminate the need for the remote contracted warehouse.. It will cost $2,800,000 to build this warehouse, $125,000 for annual utilities and operational costs which will go up Details: If the company MARR is 22% and the life of the project is 16 years, should they build the new warehouse? What is the NPV? What is the Project NPV? Should they build the new Warehouse? Yes/No