For the following project scenario, should this project proceed or not? How would you justify the answer to your manager or the sponsor?

The benefits of an information system are $$40,000$ for the first year and then an additional $$10,000$ for each of the next five years $($ Note that would be $$90,000$ for year $6)$ The one$-$time development costs are $$80,000$ and there are recurring yearly costs of $$45,000.$ At the end of year six, the system will be replaced and will have no value. The interest rate at the current time is $10\%$ but there is concern it could spike to $16\%.$

Outline your approach and provide support for your answer to the question above.