Briarcliff Stove Company is considering a new product line to supplement its range line.It is anticipated that the new product line will involve cash investment of $900,000 at time 0. After-tax cash inflows of $250,000 are expected in year 1, $300,000 in year 2, $350,000 in year 3, and $400,000 each year thereafter through year 7. If the required rate of return is 15 percent, what is the net present value of the project?Is it acceptable?