A farmer wants to establish a vineyard and the grape vines and trellising costs $425,000 establish and construct. The farmer already owns the land. In years 1 , 2,3 , and 4 the vineyard has maintenance and production costs of $30,000 annually in order to care for the vines. Starting in year 5 the vineyard should earn an after-tax net income of $15,000 and in year 6,$30,000. From that point on it is expected to earn $90,000 annually for its expected life of 30 additional years when it will have no salvage value. The farmers cost of capital is 8 percent. Calculate the net present value. Then calculate the Internal Rate of Return|