Your firm is considering a new three year project that requires an initial investment of $2.1 million. The fixed asset falls into the three-year MACRS class (schedule shown above). The project is estimated to generate cash flows of $2.15 million in annual sales with costs of $1.14 million per year. The relevant tax rate is 35% and the firm requires a 14% return. a) What is the NPV of this project b) should it be accepted?