Amount of Investment $ 300,000 Annual cash flow revenue $ 84,000 Annual cash flow expenses $ 58,000 Life of the project (in years) 10 Scrap value of the equipment at the end of the project $ 18,000 Hollings Company's corporate tax rate 31.00% Hollings Company's weighted average cost of capital 11.50% CCA rate on the new equipment 25.00% Required 

1) Calculate the net present value of this project. 

2) Calculate the profitability index. 3) Should Hollings proceed with the new project?