In the Victoria Chemical case, Griffin Tewitt, the assistant plant manager, proposed to include the EPC production line, a separate and independent part of the Merseyside works at a cost of GBP 1 million, in the renovation project. The EPC project would improve cash flows by GBP 25,000 ad infinitum. Should the EPC project be accepted at a 10% discount rate? Yes, because the NPV is positive. No, because the NPV is negative. Yes, because the NPV is negative. No, because the NPV is positive