Consider an investment project that would cost USD 95,000 where the timing and size of the after-tax profit are as follows:

Annual after tax profit/time period (yrs)

$15000 (1 yr) $26000 (2 yrs) $35500 (3 yrs) $55000 (4 yrs)

The cost of equity is r(0) = 10%, would you accept or reject this investment project? Please show steps.