Assume we bought a machine 5 years ago for $100,000. It was depreciated straight-line to zero over 10 years. It is currently unused. If we sold the machine "as is", it would sell for $25,000 today. Our project will last 3 years with revenues of $50,000, $60,000 and $65,000. Expenses are projected to be 40% of revenue. Taxes are 40% and the required rate-of-return is 10%. At the end of the project, we expect to be able to Scrap the machine Tor $10,000 at the end or the project. a) Show how to solve IRR in algebraic format: O = -25000 + 22000/(1+IRR) + 25,600/(1+IRR)^2 + 41400/(1+IRR)^3 b) What is the total cash flow from year to year 3? c) What is the after-tax cash flow from selling the equipment at the end of the project? d) Compute average accounting return? e) What is the initial cost (CFO) and annual depreciation for this project? f) What is the net income and operating cash flow for year 1, year 2 and year 3? g) What is the payback, NPV and profitability index? h) What is the beginning and ending book value of the equipment?||