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Q1. ABC Company is studying a project that would have a five year life and require a $1,600,000 investmentin equipment. At the end of five years, the project would terminate and the equipment would have no value left over. The project would provide net income each year as follows: 2018 Sales Less COGS Gross Margin 2,800,000 300,000 2,500,000 Less: Operating Expenses Advertising, Salaries and other fixed Salary expense Utility Expense accrued Amortization Total Expenses 1,050,000 1,100,000 60,000 100,000 2,310,000 Net Income 190,000 The company's discount rate is 18% 1) compute the net annual cash inflow from project 2) compute the net present value of the project. Is it acceptable? +