A new start up company has contemplated investing $700,000 in new equipment. Their analysis has shown that this new machinery will generate the following cash flows: Year 2 3 4 5 6 7 8 9 10 Annual Cashflow S 10,000 S 30.000 S 40.000 S S S S S 50.000 50.000 70.000 80.000 80.000 S 180.000 S 180.000 The minimum rate of return that they want to earn is 9% Based on these projections, please calculate the following for this project: Q1 Compute the present value? 02 Compute the net present value? Q3 Compute the estimate for the IRR? 04 Should the company proceed with this investment?