Suppose DuPont is considering an investment that would extend the life of one of its chemical facilities for 4 years

The project would require upfront costs of $6.67 million plus a $24 million investment in equipment The equipment will be obsolete in 4 years and will be depreciated via straight-line over that period

During the next four years, however, DuPont expects annual sales of $60 million per year from this facility

Material costs and operating expenses are expected to total $25 million and $9 million, respectively, per year

DuPont expects no net working capital requirements for the project, and it pays a tax rate of 35%

Dupont's 10-year, 7% annual coupon, $1,000 PAR bonds are currently trading for $1,275.54

Assume DuPonts class A preferred stock has a price of $66.67 and an annual dividend of $3.50.

Assume the equity beta of DuPont is 1.37, the yield on ten-year Treasury notes is 3%, and you estimate the market risk premium to be 6%.

The current market values of DuPonts common stock, preferred stock, and debt are $30,860 million, $187 million, and $9543 million, respectively

Dupont's project and firm WACC are equal. Should Dupont accept this project?