Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To pursue this opportunity, the company would need to purchase a piece of equipment for $130,000. The equipment would have a useful life of five years and a $10,000 salvage value. The CCA rate for the equipment is 30%. After careful study, Winthrop estimated the following annual costs and revenues for the new product:

Sales revenues	$	250,000
Variable expenses	$	130,000
Fixed expenses	$	70,000

The companys tax rate is 30% and its after-tax cost of capital is 10%.

1. a) Compute the net present value of the project. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and PV factor. Round the final answers to the nearest whole dollar. Negative value should be indicated with minus sign.)

1. b) Would you recommend that the project be undertaken?

1. a)	Net present value
1. b)	Would you recommend that the project be undertaken?

Yes or No

I am in need of assistance. I answered both on my own (1. a) 32,212 and for 1. b) Yes) but I am not confident in my answers, could you calculate it to ensure my answers are either correct or incorrect?