6. Your company purchased new equipment. The old equipment is at the end of its life. The new

equipment cost $140,000 and has a five year useful life, with an estimated value of $57,000 after five

years. It will be depreciated using a 5 year MACRS schedule. Sales will increase to $47,000 per year and

costs will average 38% of sales. Inventory will increase by $4,000 due to increased sales. Your firm's

marginal tax rate is 28%. The discount rate is 9%. What is the NPV, IRR, and Payback Period, PV, PI

for this investment?