Johnson Controls is thinking of funding a project that would have a an 8 year life and
require an investment of			$1,500,000	in equipment.
There will be no salvage value of the equipment. Johnson Controls uses a discount rate of								13%	to
analyze their investments. The net income for the project is expected to be as follows:
Sales			$2,000,000
Expenses
Materials		$620,000
Maintenance		$280,000
Deprec on equip		$150,000
Labor		$750,000
Total Expenses			$1,800,000
Net Income			$200,000
Should the company fund this project? Show your work.