Initial Investment Changes in 10,00 Equipment $80,000 Nowc Shipping $10,000 Modifications $10,000 MACRS 3 years Salvage Value $20,000 Tax Rate 40% 4 year Project Revenues $100,000 per year Operating Cost $40,000 per year Cost of Capital 10% 1. Calculate the cash flows for the above project. 2. Calculate the IRR, NPV, Payback Period and Profitability Index 3. Would you accept this project