PLEASE ADD THE FORMULAS

Your firm is contemplating the purchase of a new $535,000 computer-based order entry system. The system will bet depreciated straight-line to zero over its five-year life. It will be worth $30,000 at the end of that time. You will save $165,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $60,000 (this is a one-time reduction). If the tax rate is 24 percent, what is the IRR for this project? Input area: \begin{tabular}{|lr|} \hline Initial investment & $535,000 \\ Pretax salvage value & $30,000 \\ Cost savings per year & $165,000 \\ Working capital reduction & $60,000 \\ Tax rate & 24% \\ Project and asset life & 5 \\ \hline \end{tabular} (Use cells A6 to B11 from the given information to complete this question. You must use the built-in Excel function to answer this question. Taxes on the salvage value should be negative for a tiability and positive for a tax credit.) Output area: Aftertax salvage value Sell equipment Taxes Aftertax cash flow Costs Depreciation EBT Taxes Net income OCF Capital spending Net working capital Total cash flow IRR