Question 23 (4 points) Your firm is considering taking on an 8-year maintenance contract for Canadian Pacific Railway (CPR). To do so, there would be an initial capital cost of $60,000 for equipment, and annual costs of $16,000 (payable at the beginning of each year). The contract would bring in revenue of $28,000 at the end of each year, and the used equipment would be sold for $20,000 at the end of the contract. Your firm is looking for a MARR of 12%. Calculate the NPV and the IRR of the contract. Include a complete cash-flow diagram