Martin Enterprises needs someone to supply it with $129,000$ cartons of machine screws

per year to support its manufacturing needs over the next five years, and you$$ve decided to bid

on the contract. It will cost you $$930,000$ to install the equipment necessary to start

production; you$$ll depreciate this cost straight$-$line to zero over the project$$s life. You estimate

that, in five years, this equipment could be worth $$97,000($before taxes$).$ Your fixed production

costs will be $$505,000$ per year, and your variable production costs should be $$17\mathrm{.}75$ per

carton. You also need an initial investment in net working capital of $$98,000.$ Assume your tax

rate is $24$ percent and you require a return $($discounting rate$)$ of $10$ percent on your investment. $1.$ Please find the NPV and the IRR of the project and if you would take the project or not.