3. Falkland, Inc., is considering the purchase of a patent that has a cost of $50,000 and an estimated revenue producing life of 4 years. Falkland has a cost of capital of 8%. The patent is expected to generate the following amounts of annual income and cash flows: Net income Operating cash flows Year 1 $ 5,100 17,050 Year 2 $ 6,500 Year 3 $ 6,300 Year 4 $ 3,000 18,450 18,250 14,850 A. What is the NPV of the investment? B. What happens if the required rate of return increases?