Thornley Machines is considering a 3-year project with an equipment cost of $618,000. The project will produce sales of $600,000 per year and incur operating costs of $265,000 a year. The equipment is depreciated straight-line to a zero-book value over the life of the project. At the end of the project the equipment will be sold for an estimated $60,000. The tax rate is 34%. The project will require $23,000 in extra inventory for spare parts and accessories. Should this project be implemented if Thornley's requires a 9% rate of return? Please show all work.