paper written please!

Question 1 (44 marks) Hollings Company, a furniture manufacturer, is considering investing in some new production machinery. The details of this investment are: Amount of Investment $ 342,000 Annual cash flow revenue $ 147,000 Annual cash flow expenses 60,000 Life of the project (in years) 10 Scrap value of equipment at the end of the project 18,000 Hollings Company's corprate tax rate 34.00% Hollings Company's weighted average cost of capital 12.00% CCA rate on the new equipment 25.00% A6 $ Required 1) Calculate the net present value of this project. 2) Calculate the profitability index 3) Should Hollings proceed with the new project