New specialized equipment purchases required for the project total $12,000,000. At the end of the project, it is expected that the equipment can be sold to a competitor for $900,000. This equipment will be depreciated using a 10 -year depreciation schedule. During each year of the project it is expected that incremental revenues of $18,000,000 and incremental expenses of $10,000,000 will be generated. Assume that these pre-tax amounts occur at the end of each of the five years. A labor shortage will occur at each of the other ABC factories resulting in increased labor costs in those factories. The expenses are expected to be $750,000 at the end of the first year and are expected to grow by 3% per year for the remainder of the project. What is the NPV of the project and what is your recommendation