Liverpool Ltd is considering investing in new manufacturing equipment. They have given up on their aspirations on being a successful football business and have entered the world of manufacturing plasticware. They are considering investing in a revolutionary piece of equipment which will yield the following analysis: Cost of equipment R$1000000$ Revenue $($all cash$)$ Year Income $1$ R$7000002$ R$6500003$ R$500000$ Expenditure Included in here is a provision for stock losses. Year Expenses Provision for Stock Losses $1$ R$450000$ R$500002$ R$375000$ R$400003$ R$300000$ R$35000$ YearCash flowNet cash inflows$140000$ Net cash inflows$270000$ Net cash inflows$350000$ Net cash inflows$430000$ Net cash inflows$5100000$ Further details are as follows: The Receiver of Revenue does not allow the provision for stock losses as a tax deduction. Salvage value of equipment at end of year $3-$ R$100000$ There is a tax impact on the salvage value. Tax rate $28\%$ Discount rate $10\%$ Required: Calculate the net present value of the project and advise whether the project should be accepted or rejected $(20)$