NPVIn late November $2024,$ as part of your growth plans, your consulting firm is considering luring a group of professionals from a competing practice to broaden the range of services offered to clients.Should the company decide to move forward with the project, it will start on January $1,2025.$The partners will decide to start the project if the NPV is positive, with a discount rate estimated at $12\%.$The partners estimate investments in tangible assets $($i$.$e$.$ hardware and software, furniture$)$ for $105,000$ acquired in late December $2024$ and to be depreciated from January $1,2025$ onwards with a life of $6$ years,and another round of investments in tangible assets to be acquired late in December $2028$ for $40,000,$ to be depreciated from January $1,2029$ with a life of $2$ years.The project is financed only with equity contributed by the same partners, i$.$e$.$ no debt therefore no interest expense.The partners estimate cash revenues and cash costs as shown in the following table at time $0$ for the next $6$ years.FORECASTSInvestment Horizon$($Euro$)0202520262027202820292030$Cash Revenues $46,240100,000170,000250,000300,000390,000$Cash Variable costs $65,00076,00080,000150,000200,000230,000$Cash Fixed costs $($excluding depreciation$)50,00050,00050,00050,00050,00050,000$Taxes as $\%$ of pre$-$tax income $($only if pre$-$tax income is positive$)27\%27\%27\%27\%27\%27\%$Given the abovementioned assumptions, should the partners move ahead with the project $?$No residual values and no market values for both set of assets