Inputs	Base Case
Equipment Cost	$3,400.00
Project Length	4 Years
Straight Line Depreciation	$850.00
Salvage Value, Year 4	$300.00
Units Sold, Year 1	550.00
Sales price per unit, Year 1	$11.60
Annual change in sales price, after Year 1	2.0%
Variable cost per unit (VC), Year 1	$6.00
Annual change in VC, after Year 1	2.0%
Fixed Cost (FC), Year 1	$2,000.00
Annual change in FC, after Year 1	2.0%
Project WACC	11.85%
Tax Rate	40.0%
Working Capital as % of next year's sales	12.00%

Give a written analysis on whether you approve or disapprove of the capital project and why.