Knockheed Martin has been offered a 5-year contract to supply parts to NASA. The company has developed the following estimated data relating to the contract:

Cost of special equipment needed $300,000

Working capital needed 50,000 Annual net cash inflows 75,000

Salvage value of the equipment in 5 years 5,000

Annual depreciation expense 60,000

Companys discount rate 10%

Should they accept the contract? Show your calculations preferably in table form. Ignore the impact of income taxes.