The management of BLAK Clover Corp is considering a five-year contract to build scientific instruments for a large school district. The initial investment required to purchase production equipment is 400,000 (to be depreciated over 5 years using the straight-line method, with no salvage value). An additional 10,000 in working capital is required for the contract. Working capital will be returned to the company at the end of five years. Annual net cash receipts from daily operations (cash receipts minus cash payments) are shown as follows. Since depreciation expense is not a cash outflow, it is not included in these amounts. Year 1 50,000 Year 2 160,000 Year 3 120,000 Year 4 200,000 Year 5 300,000 Management established a required rate of return of 10% for this proposal. The company's tax rate is 25%. a. Based on the information presented, using "NPV Calculation with Income Taxes for the Company.", should Black Clover accept the investment proposal? Explain. b. What is the resulting NPV? Please use up to four decimal places for the PVF