3. A project requires an initial investment in equipment of $229,000. There is also an increase of $15,000 in working capital at the start of the project but will be recaptured when the project ends. The project is expected to produce sales revenues of $175,000 for each of the next three years. Variable costs are estimated to be 50% of the revenues. The equipment will be depreciated using straight line depreciation over the three years of project's life. At the end of year three, the equipment will be worthless. The corporate tax rate is 21% and the cost of capital is 12%. What is the net operating cash flow (OCF) from the project? (5 points) What is the total cash flow from the project in year 3 ? (5 points) What is the internal rate of return (IRR) for the project? ( 5 points) Should the firm invest in the project based on IRR? Yes or No ( 5 points)