Company T is an all-equity firm with a beta of 1.2. The risk-free rate is 4%, and the expected return on the market portfolio is 8%. They are evaluating a new five-year project similar to its existing operations. The project requires an initial investment of $5 million, and the book value and market value of the equipment will both be zero at the end of the project. The project will generate the same operating cash flows of $1.3 million every year from Year 1 to Year 4. Their operating cash flow at Year 5 will be $800,000 due to the cleanup cost they have to pay at the end of the project. Should they accept the project or reject it? Why?| Explain. You should show your answer with calculations to earn full credit