RRECTION PROBLEMS 1. Briarcliff Stove Company is considering a new product line to supplement its range line. It is anticipated that the new product line will involve cash investments of $700,000 at time 0 and $1.0 million in year 1. After-tax cash inflows of $250,000 are expected in year 2, $300,000 in year 3, $350,000 in year 4, and $400,000 each year thereafter through year 10. While the product line might be viable after year 10, the company prefers to be conservative and end all calculations at that time. a If the required rate of return is 15 percent, what is the net present value of the project? is it acceptable