Suppose that your firm is considering whether to launch a new

product which requires an initial investment of $$50,000$ for

working machines and raw materials. Your firm expects to get the

sale of $$5,650$ per year for $15$ years with first payment occurring $1$

year from now. If the appropriate discount rate is $8\%,$ would you,

as the CFO, accept the project? What if after the first year, the

cash flow from this project will increase by $4\%$ per year?