collected the following information regarding the proposed project, which is expected to last $3$ years:

The project can be operated at the company's Charleston plant, which is currently vacant. operation$),$ the equipment is expected to be sold for $$1,800,000$ before taxes.

Expected high$-$protein energy smoothie sales are as follows:

Year Sales

$1,$$$2,100,000$

$2,8,000,000$

$3,3,150,000$

The project's annual operating costs $($excluding depreciation$)$ are expected to be $60\%$ of sales.

The company's tax rate is $40\%.$ is$,$ assume that if there are any tax credits related to this project they can be used in the year they occur.$)$

The project has a WACC $=10\mathrm{.}0\%.$

Should the firm accept the project?

$$ example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$

$ millions of dollars