Project Evaluation Your firm is contemplating the purchase of a new $$440,000$ computer$-$based order entry system. The system will be depreciated straight$-$line to zero over its $6-$year life. It will be worth $$57,000$ at the end of that time. You will save $$161,000$ before taxes per year in order processing costs, and you will be able to reduce working capital by $$44,000$ at the beginning of the project. Working capital will revert back to normal at the end of the project. The tax rate is $24$ percent. What is the aftertax salvage value of the equipment? What is the annual operating cash flow? What is the IRR for this project?

Input area:

Initial investment

$*$Depreciation straight$-$line over life

Pretax salvage value Cost savings per year Working capital reduction Tax rate

$\backslash$table$[[$$$,440,000],[,6],[$$$,57,000],[$$$,161,000],[$$$,(44,000)$ please solve in Excel