Cisco is considering the development of a wireless home networking appliance, called HomeNet. Based on market testing (which the company spent $75,000 on), 50,000 units are expected to be sold per year over the project's fouryear life at an expected wholesale price of $260. Actual production will be outsourced at a cost of $110 per unit. 7.5 million of new equipment will be purchased and then depreciated using the straight-line method over a 20-year life. They expect the market value of the equipment to depreciate at 3% per year, at which point the company will sell the equipment. Cisco will pay $20,000 in interest expense on debt each year as a result of the project. In year 1, the firm must increase its inventory by $300,000, which will return to regular levels at the end of the project. The tax rate is 21%. Cisco has a beta of 1.1 and a yield to maturity on bonds of 1.3%, which resulted in a weighted average cost of capital (WACC) of 7.7%. Estimate that the product line will be scrapped at the end of four years. Should Cisco invest in the project? (i.e., calculate the NPV and IRR)