The CFO of Coffee Inc is considering the purchase of coffee presses. The equipment in total costs $75,000. It is expected to produce cash flows of $10,000 the next 15 years and has a residual of $25,000 at the end of 15 years. i) With a required return of 6% what is the project's net present value? ii) What is the Internal Rate of Return? iii) Would you accept this project? Explain.