I Boris Biltvtt Ltd. has faced competition and in addition to the basic investment in the industrial property, Boris now intends to make a new investment in an automated polish car wash. The basic acquisition cost for an investment is 1050,000. Boris estimates the annual gross income at 700,000 and the annual costs at 200,000. The investment period is 7 years and the residual value at the end of the seventhh year is estimated at 440,000. Calculate the profitability of the investment for Boris when the required rate of return (the discount rate) is 3 %. Is the investment profitable? (4 points)