Space Systems is analyzing the production of a new communication device that uses available satellites. The initial investment in the required lot of land would be $$2,000,000,$ while the investment in the specialized plant and equipment would be $$8,000,000.$ The latter would be depreciated straightline over $5$ years $($the land is not a depreciable asset$).$ The land, plant, and equipment would be sold at the end of the project in $5$ years at $$3,000,000.$ The required working capital at the beginning of each year would be $10\%$ of the projected sales in the corresponding year, and it would be released at the end of the project. Sales of the communication device are expected to be $$7,000,000$ in year $1,$ increasing by $5\%$ per year as the product becomes more well$-$known over time. Variable costs are forecasted to be $30\%$ of sales, while fixed costs $($excluding depreciation$)$ are expected to be $$2,000,000$ per year. The income tax rate is $20\%$ and the cost of capital is $15\%.$ What is the NPV of the project and recommend acceptance or rejection?