Griffey \& Son operates a plant in Cincinnati and is considering opening a new focilty in Seattle. The initial outlay will be $3,550,000 and should produce after-tax net cash inflows of $595,000 per year for 15 years. Due to the effects of the ocean alr in $ eattie. however, the plant's useful life may be only 12 years. Cost of capital (discount rate) is 13%. Required: 1. Based on an NPV analysis, should the project be accepted if a 15 -year useful life is assumed? What if a 12 -year useful life is used? Use appropriate present value annuity factors from Appendix. C. Table 2. (Round final answers to the nearest whole dollar, Negative amounts should be indicoted with a minus sign.)