Reed Huntley, a manager of the Plate Division for the Rosewood Manufacturing company, has the opportunity to expand the division by investing in additional machinery costing $425,000. He would depreciate the equipment using the straight-line method and expects it to have no residual value. It has a useful life of 9 years. The firm mandates a required after-ax rate of return of 14% on investments. Reed estimates annual net cash inflows for this investment of $130,000 before taxes and an investment in working capital of $5,000. The tax rate is 30%. 1. Calculate the net present value of this investment. 1. Calculate the net present value of this investment. 2. Calculate the accrual accounting rate of return investment for this project. 3. Should Read the project? Will Reed accept the project if his bonus depends on achieving a accrual accounting rate of return of 14%? How can this be resolved