Calculate the NPV and the IRR for the following project and state whether or not you would accept the new project:

Required rate of return = 9%

Initial outlow = $75,000

Inflows:

Years 1-3: $25,000 per year

Year 4: ($10,000) Note is this a cash OUTFLOW

Year 5: $30,000

Year 6: $10,000 SHOW ALL WORK PLEASE