You are appointed as a financial consultant for a company that is considering the feasibility of launching a new product. The initial cost of the manufacturing equipment is expected to be $99 million, to be fully depreciated - using the straight-line method -over the 3-year useful life of the equipment. The management expects to sell the depreciated manufacturing equipment after three years for $5 million. The company would also require working capital of $10 million at the start of the project. If the project goes ahead, the company sales are estimated to increase by $200 million in the first year, $170 million in the second year and SiIo million in the third year. Cash operating expenses are expected to be 70% of sales and there are no interest costs. The firm uses wo invesment decision rulesau diccnted po kso ent decision rules: NPVand maximum discounted payback period of 3 years. If the firm's cost of capital is 15% pa and its tax rate is 40%, should t invest in this new product? Justify your recommendation based on company's decision criteria. (Marks: NPV 15, Discounted Payback 5, Recommendation 5)