Problem 2. (30 points) XYZ, Inc., has developed a new jig at a cost of $2,500,000. Projected profits from the sale of jigs for the next six years are: $250,000 $350,000; S430,000; $500,000; $400,000 and $300,000. At the end of the sixth year the productive assets associated with the jig project will be disposed of for $850,000 (profit). Determine the rate of return (*) that will result from the jig project and find if the project is acceptable. The firm's MARR is 4%