Parker products manufactures a variety of household products. The company is considering introducing a new detergent. The company's CFO has collected the following information about the proposed product. The product has a proposed life of 4 years. You will have to purchase a new machine to produce the detergent. The machine will have an upfront cost of $2 million. The machine would be depreciated on a straight line basis. The company anticipates that the machine will last 4 years and after the 4th year, its salvage value will be equal to $0. The detergent is expected to generate sales revenue of $1 million in the 1 st year, $2 million in the 2 nd year, $2 million in the 3 rd year and $1 million in the 4th year. Each year the operating cost amounts to $400,000. Tax rate is 40%. The project's WACC is estimated to be 12%. Calculate if the new detergent should be introduced