Sandys Doggy Fashion, Inc. plans to purchase a new textile manufacturing machine that would cost $150,000. The equipment has a five-year life. It will depreciate straight-line and be worth $10,000 at the conclusion of the project. You will save $15,000 before taxes per year and you will be able to reduce net working capital by $20,000. Assume the tax rate is 21%. Calculate the IRR: If there is a hurdle rate of 11%, calculate the NPV. Should you accept or reject the project? Why?