13. Madan Ltd. I las ourrenily under examining a project which will yield the following returns over the life of the pmoject: Cost of the machinery to be installed amounts to R3.2,00,000 and the machine is to be depreclated at 20% p.a. at WDV basis. Income tax rate in 50%. The salvage value of the machine fis zero. Calculate NIVV and IRR. The Present Value of money at rates of interest is as under