Candyland Co$.$ is considering the addition of a new chocolate bar to its line of products offered to consumers. The project costs $$2$ million and is estimated to generate free cash flows of $$500,000,$ $$600,000,$ $$750,000,$ and $$800,000$ in the next few years.

The company has been financing its activities with $30\%$ debt, $20\%$ preferred stock and $50\%$ common stock. The cost of preferred stock is $10\%,$ and the cost of common stock is $12\%.$ In terms of debt, the company has an existing loan with a $8\%$ interest rate. Candyland is subject to a $30\%$ tax rate.

Should the company introduce the new chocolate bar? $($Hint: Calculate the WACC and then the NPV of the project to make a decision.