Suppose that you are an investment manager and are asked whether the following investment project makes sense:

• The operating revenues that will be generated equal 500 EUR.
• The cost of good sold are 105 EUR.
• Depreciation is 80 EUR.
• The company has a tax rate of 30%.
• The investments in working capital are 20 EUR.
• The capital expenditures are 5 EUR.
• The investment outlay equals 500 EUR.
• The WACC equals 2%.
• The growth rate equals 1%.
• The project is a perpetuity.

Explain why you would, or would not, execute the investment project.