Question 2 [15%] DontTry Inc. is planning a new production facility that will last for 15 years. The project requires a new equipment and a piece of land the company owns. The land has a cost of $950,000 and now has a market value of $300,000. Currently, the land has been leased to another company for $12,000 per year for the next 15 years. To cancel the lease, DontTry has to pay a nontaxdeductible penalty of $10,000. The required equipment (CCA rate of 30%) has a cost of $200,000. The additional revenues and operating costs are $130,000 and $715,000 in the rst year and increase 2% and 3% per year respectively. At the end of the project, the land is estimated to have a market value of $900,000 and the equipment will be sold for $20,000. The net working capital requirement at the beginning of the project is $90,000 and decrease $4,500 per year. The asset class remains open and has an UCC of $15,000 before the sale of the equipment. If the tax rate is 25% and the discount rate is 10%, determine the NPV of this project