Steel Works Machine Shop would like to purchase a milling machine for $250,000. The machine is expected to have a life of 10 years, and a salvage value of $5,000. Annual maintenance costs will total $7,500. Annual net cash receipts resulting from this machine are predicted to be $30,000. The companys required rate of return is 15 percent. Required: a.) Calculate the net present value of the project. b.) Calculate the internal rate of return for the project. c.) Should the