Kerry Farms is considering investing in an automated egg-sorting system to increase production for international (web-based) sales of Kerry Farms' products. The new system will cost $3000 including installation. It will be fully depreciated in 5 years (straight line) to zero and generate $150 after-tax gain at the end of the projected period (year 6). The initial working capital will be $300 and will be $500 in year 1 and increase each year thereafter by 5 percent. Revenues generated from the egg-sorter are expected to be $900 in year 1, and increase by 5% each year. Expenses are 10% of revenues. Kerry Farms' opportunity cost of capital is 8.5%. Using the discounted cash-flow analysis, should Kerry Farms invest in the machinery? What is the NPV of the egg-sorter project? What is the IRR of the project? What is the NPV if the required return is 9%?