1. Company X is considering to purchase a machine. The price of the machine is 120.000$. The life time of the investment is 5 years and the machine will be sold at 31.000$ at the end of the investment period. The investment will be depreciated through equal amounts each year (24.000 every year). Working capital investment and future revenues is shared below table. The tax rate is %20. (Ignore opportunity cost)Cost of capital is 10%. Find NPV and IRR of the project.

Year	0	1	2	3	4	5
Working Capital	10,000	10,000	16,320	24,970	21,220	0

Year	Sales Revenue	Operating Cost
1	100,000	50,000
2	180,200	88,000
3	250,000	145,000
4	250,000	130,000
5	150,000	80,000