Frito Lay is considering a new line of potato chips. This will be a two year project. a. Frito Lay paid $1,000,000 last year to a winning person who thought of the new line of potato chips. b. New equipment for the factory line will cost $12,000,000 and depreciation is by the 7-year MACRS method. Purchase of the equipment will require an increase in net working capital of $700,000 at time 0 (which will be recaptured at the end of the project). c. The new potato chips will generate an additional $6,000,000 in revenues in the first year and $4,000,000 in revenues in the second year. d. In addition to the additional revenues outlined in c. The new potato chips will decrease existing chip line revenues by $2,000,000 the first year and $500,000 in the second year. e. The new project is estimated to have expenses of $150,000 each year. f. At the conclusion of the project, the equipment can be sold for $7,500,000. g. The firm's marginal tax rate is 21 percent, and the project's cost of capital is 10 percent. The following is the MACRS Depreciation Table: g. The firm's marginal tax rate is 21 percent, and the project's cost of capital is 10 percent. The following is the MACRS Depreciation Table: Page 1: Question 8 (1 point) What is the project's NPV? Question 9 (1 point) What is the project's IRR? Question 10 (1 point) Should you ACCEPT or REJECT the project? A) ACCEPT B) REJECT