Evaluate the economics of the following investment opportunity. All production and fixed capital costs are in thousands of dollars while selling price and operating are in dollars per widget. Calculate the before-tax cash flows for years 0 through 4. Then determine if the project should be undertaken by calculating; the project Rate of Return (ROR/IRR), Net Present Value (NPV), Present Value Ratio (PVR), and Growth Rate of Return (GROR/MIRR). Finally, what uniform widget- selling price in years 1-4 would give the investor a 12% nominal compound interest rate of return? The investor has other opportunities where capital budget dollars can earn a nominal 12% interest rate compound annually. Year Production Widgets Selling Price $/Widget Operating Costs $/Widget Building Equipment Working Capital 4 2,500 4.00 $4.00 $4.00 4.00 $2.50$2.50 $2.50 $2.50 2 1,000 1,500 2,000 $2,500 $3,000 $800