For your convenience - the information on Project Y is repeated here. Reminder - show your work! Project Y involves a new type of machine used in manufacturing automobile dashboard frames. Your manager expects to sell 5,000 units per year at a price of $300 per unit. Variable cost will run at $150 per unit. Fixed costs for the project will run at $300,000 per year. This project will have a 3 year life. The machine will cost $1,000,000 and will be depreciated using 5-year MACRS. After 3 years, the machine will be worth $400,000. Net working capital will increase initially by $100,000. The tax rate is 20% and the cost of capital is 16%. Suppose the OCF for years 2 and 3 are $420,000 and $437,000, respectively. Show all project cash flows on a timeline. For some of the cash flows, you may want to refer back to your answers for previous related questions. Then calculate NPV and IRR. The MACRS rates are as follows: yr 1.20; yr 2.32; yr 3.192; yr 4.1152; yr 5.1152; yr 6.0576