You have joined a major manufacturing company. The company has a hurdle rate of 21%. You are purchasing a punch press for $1.5 million dollars on day one. In addition to this expense you will also incur a $300k expense during year one. Only in year two through eight will you have a profit from this machine. During this time the machine will yield a profit of $600k per year. At the end of year eight you plan to scrap the machine for $100k. (No decimal is needed. Use whole numbers for the answers. ex. $600k = 600000) What is the hurdle rate in percent? What is the cash flow at time zero? What is the discounted cash flow for year 3? What is the net present value of this project? Should this project be accepted? (Yes or no)