Blue Buffalo has a new 4-year project to evaluate. The Installed Cost of the projects long-term assets is $200 million. The project also requires an initial Net Working Capital increase of $30 million (no further changes in NWC are required) when implemented at t=0. This initial Net Working Capital of $30 million is also assumed to be fully recovered when the project is terminated at t=4 years. The projects assets fit into a 3 year IRS MACRS depreciation schedule as follows: Year 1 -- 33%; Year 2 -- 45%; Year 3 -- 15%; Year 4 -- 7%. The project will be terminated exactly four years from today (t=4) and this projects assets will then be sold at an estimated $40 million salvage value. If the project is accepted it will increase the firms revenue and operating costs by $110 million and $40 million, respectively, for each of the following four years (t=1 through t=4). The corporate tax rate is 40%. The cost of capital for this project is r=12% per year. This is a stand alone project. Calculate the NPV and IRR. Should this project be accepted or rejected?