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I need to calculate the NPV and IRR for a capital budgeting problem. Key Info: Equipment Costs- $325,000 Test Cost- $22.50/test Peronnel expense- $200,000/year Test

I need to calculate the NPV and IRR for a capital budgeting problem.

Key Info:

Equipment Costs- $325,000

Test Cost- $22.50/test

Peronnel expense- $200,000/year

Test Revenue- $500/test

Depreciation- straight line for 15 years = $21,667

First year will have 520 test, each year after will growth by 20%.

Tax rate of 35%

Discount rate of 10%

I calucalted NPV to be 56,066 and IRR to be 17.96%

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