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Question 6 (3 points) A company plans to invest in a new manufacturing project over the next 10 years. The project will require an initial

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Question 6 (3 points) A company plans to invest in a new manufacturing project over the next 10 years. The project will require an initial investment of $150,000, and an additional investment of $32,000 in Year 3 and year 6. Starting in Year 2, the company will reduce their labour costs by $11,500 a year for the next 4 years, and $6000 a year for the next 3 years. At the end of the project, there will be a residual value of $17,000. 1. If the company's cost of capital is 13%, calculate the net present value for this project. (Show ALL Cash Flow entries in the table provided.) 2. Should the company undertake the project? Explain your

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