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Holmes Manufacturing is considering a new machine that costs $$290,000$ and would reduce pretax manufacturing costs by $$90,000$ annually. The new machine

will be fully depreciated at the time of purchase. Management thinks the machine would have a value of $$20,000$ at the end of its $5-$year operating life. Net

operating working capital would increase by $$25,000$ initially, but it would be recovered at the end of the project's $5-$year life. Holmes's marginal tax rate is

$25\%,$ and a $10\%$ WACC is appropriate for the project.

Calculate the project's NPV$.$ Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the

nearest cent.

$

Calculate the project's IRR. Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

Calculate the project's MIRR. Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

Calculate the project's payback. Do not round intermediate calculations. Round your answer to two decimal places.

years

Assume management is unsure about the $$90,000$ cost savings$-$this figure could deviate by as much as plus or minus $20\%.$ What would the NPV be under

each of these situations? Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the

nearest cent.

$20\%$ savings increase: $

$20\%$ savings decrease: $