Montgomery County Plastics is planning to build a manufacturing facility in Roanoke. Total project costs, including equipment, will be $2,400,000. Projected cash flows are as follows: Montgomery Plastics New Roanoke Plant Project Costs New Sales 350,000 500,000 2, 00,000 3,000,000 3,250,000 3,250,000 -125,000-175,000-1,750,000 -1,800,000 -1,900,000 -1,900,000 Operating Expenses Depreciation Net Cash Flow -100,000-150,000 -150,000 -150,000 -150,000 -150,000 -2,400,000 125,000 175,000 600,000 1,050,000 1,200,000 1,200,000 Montgomery County Plastic's Board of Directors requires all projects earn a rate of return +/> 20% (the discount rate). 1. What is the present value (PV) of cash flow? 2. What is the NPV (net present value) of cash flows? 3. Should the company proceed with this project? 4. Is IRR more than or less than the assumed discount rate of 20%? SHOW YOUR WORK (Time line, calculator inputs). -2,400,000