Your company is considering purchasing new machinery for the factory to upgrade and replace outdated equipment that will cost $4 Million right away. The machinery is projected to last 6 years, after which it can be sold for $500,000. The upgraded equipment will be able to produce more product and result in an additional sales of $1.25 Million per year. Operating the new equipment will add $200,000 per year in expenses. Additionally, a one-time expense of $1.5 Million at the end of year 3 will be required to overhaul worn out parts. The company's MARR is 10%.

Find the Net Present Worth of the project?

Based on the Net Present Worth Criterion, should the company accept the project?