Hawke Skateboards is considering building a new plant. Bob Skerritt, the company's marketing manager, is an enthusiastic supporter of the new plant. Lucy Liu, the company's chiefnancial ofcer, is not so sure that the plant is a good idea. Currently, the company purchases its skateboards from foreign manufacturers. The following gures were estimated regarding the construction of a new plant. Cost of plant $2,960,000 Estimated useful life 15 years Annual cash inows 2,960,000 Salvage value $1,480,000 Annual cash outows 2,620,000 Discount rate 11% Bob Skerritt believes that these gures understate the true potential value of the plant. He suggests that by manufacturing its own skateboards the company will benet from a "buy American\" patriotism that he believes is common among skateboarders. He also notes that the rm has had numerous quality problems with the skateboards manufactured by its suppliers. He suggests that the inconsistent quality has resulted in lost sales, increased warranty claims, and some costly lawsuits. Overall, he believes sales will be $148,000 higher than projected above, and that the savings from lower warranty costs and legal costs will be $44,000 per year. He also believes that the project is not as risky as assumed above, and that a 9% discount rate is more reasonable. Click here to view the factor table. Answer each of the fol lowing. (a) Compute the net present value of the project based on the original projections. (if the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses eg. (45). Round factor values to 5 decimal places, e.g. 1.25124 and nal answer to 0 decimal places, eg. 5,2 75.) Net present value $ Should the project be accepted? The project should be v