Chico company is considering the purchase of a new high speed machine for its factory. The machine will cost 160,000 and will save the company 45,000 per year in cash operating costs. The machine has an estimated useful life of five years and no expected salvage value. The company's cost of capital is 12%. Assume depreciation is straight line over 5 years and the tax rate is 20%. Compute the net present value of this investment. Calculate the internal rate of return as well.