ABC Inc is considering a new capital budgeting project that will last for 3 years. Initial investment outlay for the project equipment is expected to be $110,000. The equipment will be straight-line depreciated down to zero over 3 year period. The expected market value of project assets is forecasted to be $50,000 when the project is liquidated at the end of the third year. The project will requires $7,000 NWC investment in years 1 and 2. The project does not require any investment in fixed asset during years 1 and 3, but a $10,000 investment is projected in year 2. ABC's capital cost is 12% and the project does not have a distinct risk profile. ABC's tax rate is 35%. Based on extensive research , analysts have prepared the following incremental revenues and before tax costs:

Year Yr 0 Yr 1 Yr 2 Yr 3

Sales 110,000 110,000 110,000

COGS 50,000 50,000 50,000

Depreciation 36,667 36,667 36,677

EBIT 13,333 13,333 13,333

Cap Ex -110,000 0 -10,000 0

Note: Additional fixed capital investments are depreciated straight line over a three -year period; the first depreciation expense is deducted at the end of the year following the investment. The 50,000 liquidation value reflects enhancements realized through capital investments in fixed assets.

1) The end of year 1 after tax project cash flow is?

2) The after tax project cash flow including the terminal cash flow for the project in year 3 is?

3) The NPV and IRR are ?