Farm Fresh Inc. is introducing No Scent Cow Manure, a real agricultural breakthrough, for a more pleasant fertilizing experience. The new dung can be purchased 100 lb. bags for $20. The complex equipment needed to de funk and package the new product will cost $200,000 and can be depreciated straight-line over the 4-year project life. After its useful life, the equipment will be given as a gag gift to an up and coming star in Hollywood (hence, it has no salvage value). Variable costs will run $5 per bag and fixed costs will be $20,000 per period. The initial net working capital requirement is $20,000 and will run at 10% of sales thereafter. You expect the following sales pattern over the 4-year life of the project.

1 Year	2 Year	3 year	4 Year
5,000 Units	10,000 Units	10,000 Units	5,000 Units

The firms cost of capital is 18% since the project is fairly risky. THe firms tax rate is 40%. Compute the project operating cash flows, NPV, IRR and payback. Should it be taken? Why or why not?