John is employed and making $120,000 (after-tax) per year. He expects to make the same amount for each of the next 5 years. A friend asks John to join a start-up company with him selling wine. If John decides to join, he will have to quit his current job and work full-time at the start-up. The start-up requires an initial investment of $400,000 in production equipment, which can be depreciated straightline over 5 years to a salvage value of $80,000. John owns a house that he is currently renting out for $24,000 a year and is planning to use the house as his office if he joins the project. He expect to sell 20,000 bottles at $40 per unit each year for the next 5 years. The production cost is $15 per unit, and fixed costs associated with the project are estimated to amount $150,000 per year. Assume that John's tax rate is 40% and his discount rate for projects with similar risk is 12%. Should you accept the project?