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 300,000 Annual cash flow revenue $ 84,000 Annual cash flow expenses 58,000 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 31.00% Hollings Company's weighted average cost of capital 11.50% CCA rate on the new equipment 25.00% A A A $ Required 1) Calculate the net present value of this project. 2) Calculate the profitability index. 3) Should Hollings proceed with the new project