1.Your firm has an opportunity to make an investment of $50,000. Its cost of capital is 12 percent. It expects after-tax flows (including the tax shield from depreciation) for the next 5 years to follows: The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for product are assumed to be as follows:

Year 1 $ 10,000

Year 2 $ 20, 000

Year 3 $ 30, 000

Year 4 $ 20,000

Year 5 $ 5,000

1. Calculate the NPV
2. Calculate the IRR (to the nearest percent)
3. Would you accept this project.