just like make sure if I got right or not. if not could you please teach me how to fix it ?

a) Boulder Milling is evaluating a proposal to invest in a new piece of equipment costing $160,000 (salvage value = $10,000) with the following annual cash flows over the equipment's 4-year useful life. There is an initial working capital payment of $50,000 required for this equipment. Cash revenues Cash expenses Depreciation expenses (straight-line) Income provided from equipment Cost of capital Note: Depreciation is a non-cash expense $120,000 (64,000) (20.000) $36.000 12 percent Calculate the present value, net present value and internal rate of return of the investment (Points 10.0)? All supporting excel worksheet is in the attached excel Annual net cash inflow=120000-64000=56000 Total initial investment= $160000 + $50000 = $210000 Cash Flow for Year 4 = $56000 + $50000 (Working Capital Recovered) + $10000 (Salvage Value) 116000 Year Annual Cash Flows PV Factor @12% PV 0 -210,000 1 -210,000 1 56,000 0.893 50,008 2 56,000 0.797 44,632 3 3 56,000 0.712 39,872 4 116,000 0.636 73,776 NPV -1,712 internal rate of return=11.6% Using the answer from a), is your recommendation to proceed with the project? Why or why not. (Points 2.5)? Company should not proceed with project, as NPV at cost of capital is negative and IRR is lower than Cost of Capital b) If prices rise and Boulder's initial investment increases to $175,000, calculate the net present value and internal rate of return. Should they proceed with the investment? Why or why not (Points 2.5). Year Annual Cash Flows PV Factor @12% PV 0 -225,000 1 -225,000 1 56,000 0.893 50,008 2 56,000 0.797 44,632 56,000 0.712 39,872 4 116,000 0.636 73,776 NPV -16712 Company should not proceed with project, as NPV at cost of capital is negative and IRR is.wer than Cost of Capital