Should Burton Sensors acquire Electro-Engineering, Inc. (EE)? Prepare its projected income statement from 2017 to 2021 and estimate the net present value of the acquisition. Does the acquisition allow Burton Sensors to gain enough funding to invest in the purchase of thermowell machines? Please consider the followings.

1. Projected balance sheet of EE (provided in a separate file).

2. For SG&A, R&D, and depreciation and amortization expenses, use the historical average

of these items scaled by sales for projection