Taylor Bar is considering a new project that requires an initial investment in plant and equipment of $$5$ million. The company already spent $$1$ million on research for this project. In order to cover the initial investment, the company is planning to take a loan from the bank for $$3$ million. This investment will be depreciated straight$-$line over five years to a value of zero, but, when the project comes to an end in five years, the equipment can in fact be sold for $$500,000.$ The firm believes that the project will need $$600,000$ working capital at year zero. Production costs are estimated at $$800,000$ every year while sales are forecasted to reach $$2,000,000$ per year the first five years. there are no marketing expenses. The firm pays tax at $35\%$ and the required return on the project is $10\%.$ Should the firm accept the project?