KD 85,000 30,000 24,000 Innovation Inc. is considering the following project: Cost of the investment Working capital required Annual cost savings Replacing some parts of the equipment in year 6 Estimated salvage value at the end of the project Life of the project Discount rate 19,000 2,800 8 years 15% At the end of the end of the project, working capital will be released and may be used elsewhere by the company Required: Compute the projects net present value: Net Present Value = KD Based on the NPV of the project, will the company accept the project? . Is the IRR higher or lower than the company's discount rate