The treasurer of the Stewart Company, Mr. Johns, has been asked to submit his assessment of the feasibility of manufacturing electronic components to the board of directors at their next meeting. Mr. Johns? investigation has provided him with the following information:Mr. Casey, the Marketing Manager, has drawn up budgeted financial statements and has estimated an increased annual operating revenue of $500,000 and an increase in operating costs of $100,000. On the basis of this estimate he has calculated that the project has a quick payback period and therefore urges that Stewart should immediately invest in the project.Stewart faces a 40% corporate tax rate and the firm?s required rate of return for projects is 14 percent.Question: Assist Mr. Johns in evaluating the electronic components project, by calculating the N.P.V., and recommend whether the project should be accepted or rejected.