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Save Answer 5 points Tough Steel, Inc. is a processor of carbon, aluminum, and stainless steel products. The firm is considering replacing an old stainless

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Save Answer 5 points Tough Steel, Inc. is a processor of carbon, aluminum, and stainless steel products. The firm is considering replacing an old stainless steel tube- making machine for a more cost-effective machine that can meet the firm's quality standards. The old machine has completely depreciated and has no market value. The new can be purchased for $600,000, but will require $30,000 in installation costs. This machine would be depreciated under the MACRS's 5-year recovery period. The firm has estimated the following net cash flow for the machine. The firm's WACC is 12% Year 1 2 3 4 5 Net Cash Flow Net Cash Flow $30,000 $30,000 $8,000 $15,000 $20,000 Calculate the NPV of the investment project. (Rounded to 2 decimal Rounded to the nearest 0.01) Calculate the IRR of the investment project.(Rounded to 2 decimal Rounded to the nearest 0.01) Should the firm accept the project? (Yes/No)

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