Foley Systems is considering a new project whose data are shown below. Under the new tax law, the equipment for the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. After the project's 4-year life, the equipment would have $8,500 salvage value. The project would require additional net operating working capital (NOWC) that would be recovered at the end of the project's life. Revenues and operating costs are expected to be constant over the project's life. WACC 10.0% Equipment cost $85,500 Required net operating working capital (NOWC) $12,000 Annual sales revenues $69,000 Annual operating costs $20,000 Tax rate 25.0% 1. Find the annual cash flows of the project. 2. Find the NPV, IRR, MIRR, Pay back period and Discounted payback period. Do not round the intermediate calculations and round the final answer to the nearest whole number.