References Mailings Review View Help Grammarly Tell me what you want to do You-Bee Enterprises, Inc. is considering a new three-year expansion project with the relevant cash flows below. (70 points) 4. Calculate the project's NPV and IRR. Should You-Bee accept or reject this project based on your calculations? Please use the Excel template provided to answer this problem. The required return is 12 %. The tax rate is 21%. The project requires an initial fixed asset investment of $2.32 million, and the fixed asset will have a market value of $180,000 at the end of the project (salvage value). The fixed asset falls into the three-year MACRS class. [This is the fixed asset part of the cash flow.] The project is estimated to generate $1.735 million in annual sales, with costs of $650,000. [This is the OCE part of cash flow.] The project requires an initial investment in net working capital of $250,000, which will be fully recovered at the end of the project. [This is the change in net working capital part of cash flow.] Note: the Excel template provides a step-by-step analysis to accepting or rejecting this project. The first spreadsheet calculates the depreciation using MACRS. Then the pro forma income statement calculates the projected net income for the project for the three years of the life of the project. Then the projected cash flows spreadsheet