Lake Front Company is considering investing in a new dock that will cost 5560,000. The company expects to use the dock for 5 years, after which it will be sold for $300,000. LakeFront anticipates annual cash flows of $110,000 resulting from the new dock The company's cost of capital is 10%. PV of 1 @ 10% PV of an Annuity of 1 @ 10% n = 1 .90909 .90909 n = 2 .82645 1.73554 n = 3 .75132 2.48685 n=4 .68301 3.16986 n = 5 .62092 3.79079 Compute the NPV of the project, and Determine whether LakeFront should accept or reject the project