A company plans to install a new production line which will cost $750,000. The production line has an expected life of 7 years with no salvage value. It will generate net operating income after depreciation of $100,000 annually. The company's tax rate is 30%. The present value factors for 7 years are:

Discount Rate	Cumulative Factors
8%	5.206
10%	4.868
12%	4.564
14%	4.288
16%	4.036

Requirements:

1. Calculate the annual after-tax cash flow.
2. Determine the NPV at different discount rates.
3. Find the IRR.
4. Discuss the feasibility of the investment.