Kelvin and Francis Investment Ventures Inc. is considering setting up a private sports bar and grill in downtown Manhattan. The Sports Bar and Grill promises to return a net cash inflow of $$252,000$ after all taxes have been paid to State, Local, and Federal Governments during the first year of operations.

The Owners of the Sports Bar and Grill believes that the cash flows are projected to grow at a rate of $6\mathrm{.}1$ percent per year forever due to its prime location in Manhattan and management's reputation in delivering quality food and a pleasant environment. The project requires an initial investment of $$1,120,000$ to get it started.

a$)$ If the firm requires a return of $13$ percent on such undertakings, should the Sports Bar and Grill business operations be started? Round up your answer to two decimal places.