(a) You work for a large printing company and have been asked to investigate the purchase of a new printing machine. The machine costs €85000 at the beginning of 2017 and it will be replaced at the end of 2021. During these 5 years the net cashflows are detailed below.   Year ended Net Cashflow   2017 35000   2018 40000   2019 25000   2020 10000   2021 (8900)   (a) Using a discount rate of 10%, find the NPV of this project. (20 marks)

   (b) Using a discount rate of 20 % find the IRR (20 marks)