Kinston Industries is considering investing in a machine that will cost $$150,000$ and will last for three years. The machine will generate revenues of $$120,000$ each year and the cost of goods sold will be $45\%$ of sales. At the end of year three the machine will be sold for $$15,000.$ The appropriate cost of capital is $10\%$ and Kinston is in the $25\%$ tax bracket. Assume that Kinston's new machine will be de$[$reciated straight line to zero over a three$-$year life. If Kinston Industries invest in the new machine, a one$-$time investment of $$9000$ in addiditional working capital will be required. The working capital investment will be fully receovered at the end of year three. What are the net present value $($NPV$),$ the modified internal rate of return $($MIRR$)$ and the payback period for this project? What decision shoulld Kinston Industries take regarding the new cmachine? By theory, in which situation may NPV and IRR disagree, discuss your answer $($No more than $120$ words$)$