II. Lugar Industries is considering an investment in a proposed project which requires an initial expenditure of $100,000 at t 0. This expenditure can be depreciated at the following annual rat Year Depreciation Rate 20% 32 19 e project has an economic life of six years. The project's revenues are forecasted to be $90,000 a yea years.theotng costs (not including depreciation) are forecasted to be $50,000 a year. After si The project's operati The e project's estimated salvage value is $10,000. There is no additional working capital e company's WACC is 10 percent, and its corporate tax rate is 40 percent. What are t t present value (NPV) and internal rate of return (IRR)? Should Lugar undertake this proj requirement. Th project's ne (20 points)