You're the CFO of a company. You must decide whether or not to proceed with a project that will yield the following cash flows & using a 7% discount rate.

Initial investment = -$1,750,000

Year 1 = -$100,000 (more start-up costs)

Year 2 = +$100,000

Year 3 = +$300,000

Year 4 = +$500,000

Year 5 = +$700,000

Year 6 = +$200,000 (cash flow drops due to offsetting maintenance expense)

Year 7 = +$800,000