Cumulative XYZ Company has just been offered the opportunity to work cooperatively with another company instead of purchasing a new machine. The details of this option include an initial investment of $115,000 for machining changes. NET operating cash flows of year 1 47,000, year 2 50,000, year 3 52,000 (these already take into account depreciation effect and can be used as-is for analysis). There is no terminal value. Cost of capital 11%. What is the NPV and IRR for this cooperative agreement? Cumulative XYZ Company has just been offered the opportunity to work cooperatively with another company instead of purchasing a new machine. The details of this option are initial investment of $115,000 for machining changes. NET operating cash flows of year 1 47,000, year 2 50,000, year 3 52,000 (these already take into account depreciation effect and can be used as-is for analysis). There is no terminal value. Cost of capital for this project is determined to have a WACC of 11%. Using just the results from the previous questions, should XYZ purchase the new machine or commit to the cooperative agreement? Looking beyond the numbers, what are 2 areas of concern XYZ might review when deciding whether to work cooperatively with another company? 30 words or less