Big Bang Plc$.$ considers a new investing project for $4$ years. To decide which market to target, the firms also paid $$10,000$ to Think Big, a consultancy firm. This project requires an initial investment in working machine of $$360,000.$ The machine is supposed to be fully depreciated over the life of the project $(4$ years$)$ using straight line method. The company expects to sell the machine at the end of the $4$th year for $20\%$ of its initial value but would have to pay $$4,000$ for deconstructing service. Big Bang plc$.$ forecasts revenues in the first year of $$300,000$ and the revenues increase by $10\%$ every year. The operating costs constitute $65\%$ of revenues. The working capital required in each year is expected to be $15\%$ of revenues in the following year. Required rate of return is $9\mathrm{.}62\%.$

Required: Compute the NPV$,$ IRR of the project and make investment recommendation.