Develop a spreadsheet to determine the next present value or present worth of the following project:

Investment: 150,000

Revenue/Savings: 28,000

Incremental Expense/Cost: 4,000

Salvage Value: 25,000

Project Life: 12 years

MACRS Schedule: 7 years

Tax Rate: 25%

MARR: 15%

Inflation: 3%

Is this a good investment to make? What is the internal rate of return, and the project's payback period?