A company is considering constructing a plant to manufacture a proposed new product. The land costs 300,000, the building costs 600,000, the equipment costs 250,000, and 100,000 additional working capital is required. It is expected that the product will result in sales of 750,000 per year for 10 years, at which time the land can be sold for 400,000, the building for 350,000, and the equipment for 50,000. All of the working capital would be recovered.The annual expenses for labor, materials, and all other items are estimated to total 475,000. If the company requires an MARR of 25% per year on projects of comparable risk, determine if it should invest in the new product line. Use the PW method.