Ron Smith, the CEO of Smith Corporation is evaluating an investment opportunity with a life of 4 years. The relevant data that he is evaluating is presented below: Upfront investment required for the project in Year 0 $400,000 The following table provides the net cash inflow from the project for the next 4 years. Year 1 Year 2 Year 3 Year 4 Net cash inflow $86,000 $102,000 $121,000 $186,000 The required rate of return set by the top management for new projects 14% Use the NPV tables from the appendix of Chapter 16 of your textbook to solve this problem. Round the final answer to the nearest dollar. Required: Part A) Compute the net present value of the proposed project. Should the project be accepted? Why or why not? (3+1 points) Part B) Shawn, a junior manager points out that the cash flow forecast presented to Ron failed to take into account the cash flows from tax savings related to depreciation pen Depreciation related to the investment in the project $80,000 per year Expected income tax rate for the company 40.00% Use this information to revise the predicted net cash flows from the project (3 points) Part 2) Use the net cash inflows from part B to calculate the net present value of the project. Should the project be accpted? Why or why not? (3+1 points) Part D) Use the net cash inflows calculated in Part (B) to estimate the payback period (in years) for the project (3 points)