BADC Inc. is considering investing in a new airline project. The cost of capital is 12 percent and the initial investment is $5,000,000. The project is expected to provide after-tax operating cash flows of $2,500,000 in year 1, $2,300,000 in year 2, $2,200,000 in year 3 and ($1,300,000) in year 4?

1. Calculate the projects NPV.

2. Calculate the projects IRR.

3. Should the firm make the investment?

Please show all works and steps! thank you