You are a financial manager of a company and you have the task of evaluating a project which will require the purchase of 5 million in new machinery. Assume the following: the life of the project is 5-years; the machinery will be depreciated straight-line to a zero book value; the machines will be sold at the end of the project for 10% of its original cost; the annual sales from this project are estimated at 2.6 million at the first year and will grow at 10% for the next two years and start to decline at a 5% annual rate thereafter; the variable costs are estimated at 50% of sales revenue; net working capital equal to 10% of sales will be required to support the project; all of the net working capital will be recouped at the end of the project. The required rate of return on this project is 12% and the tax rate is 40%. Compute ALL relevant cash flows (show commutation and tabulate the answers). According to the NPV should you recommend this project?