please show all calculations & work

(Ch. 10) Year Unit Sales Year 1 3,000 1 2 2 5,000 2 3 Property Class Three-Year Five-Year 33.33% 20.00% 44.45 32.00 14.81 19.20 7.41 11.52 11.52 5.76 3 6,000 4 Seven-Year 14.2996 24.49 17.49 12.49 8.93 8.92 8.93 4.46 4 5 5 6,500 6,000 5,000 6 7 8 6 The new product will sell for $110 per unit to start. When the competition catches up after three years, however, MMCC anticipates that the price will drop to $100. The project will require $20,000 in net working capital at the start. Subsequently, total net working capital at the end of each year will be about 20 percent of sales for that year. The variable cost per unit is $60, and total fixed costs are $20,000 per year. It will cost about $800,000 to buy the equipment necessary to begin production. This investment is primarily in industrial equipment, which qualifies as five-year MACRS property. The relevant tax rate is 34 percent, and the required return is 15 percent. Based on this information, should the project be taken