A firm wishes to bid on a contract that is expected to yield the after-tax net cash flows at the end of each year listed below. To secure the contract, the firm must spend S25,000 today to retool its plant. This retooling will have no salvage value at the end of eight years. The firm needs to earn at least a 12% rate of return on its investments. The depreciation tax benefit from the retooling is already reflected in the net cash flows in the table, What is the present value of this project? What is the net present value of this project?- What is the profitability index of this project?. What is the IRR of this project? Year 1 3a 5- Net Cash Flow S5,000 $8,000 $9,000 $8,000 $8,000 $5,000 S3,000- -$1,500 6