Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year 1 2 3 4 Cash Flow -$ 580,000 210,000 153, eee 218,000 197,000 All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are "blocked" and must be reinvested with the government for one year. The reinvestment rate for these funds is 5 percent. Assume Anderson uses a required return of 11 percent on this project What is the NPV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net present value What is the IRR of the project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Internal rate of return A proposed new investment has projected sales of $843,000. Variable costs are 54 percent of sales, and fixed costs are $187,980: depreciation is $100,000. Assume a tax rate of 35 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income A piece of newly purchased industrial equipment costs $980,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the MACRS Table. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations and round your answers to the nearest whole number, e... 32. Leave no cells blank. Enter "0" when necessary.) Beginning Book Value $ Depreciation Allowance Ending Book Value Year 1 2 3 4 5 6 7 8