The table shows the incremental cash flow projections for an investment in new equipment that has an initial cost of $$4,725($in millions$).$ Calculate the net present value of the project, using a discount rate of $5\%.$ Assume no depreciation and no salvage value.

$\backslash$table$[[$In millions,Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[,,,,,],[$Operating revenue,$2,685,3,785,3,867,3,995,4,989],[$Operating cost$,1,845,1,745,1,745,1,720,2,642],[,,,,,],[$Taxes $($at $21\%),,,,,],[,,,,,],[,,,,,],[,,,,,]]$

NPV:

$(32$ points$)$

Would you recommend investing in this project? Why or why not?

$(3$ points$)$