The question is the top. Please disregard the numbers in excel it is from another solution I just need the answers in the same format as in the second picutre

2. You have been asked by the president of Ellis Construction Company, headquartered in Toledo, to evaluate the proposed acquisition of a new earthmover. The mover's basic price is $50,000, and it will cost another $10,000 to modify it for special use by Ellis Construction. Assume that the mover falls into the MACRS 3-year class. It will be sold after 3 years for $20,000, and it will require an increase in working capital (spare parts inventory) of $2,000, which will be recovered in full at the end of the project's life. The earthmover purchase will have no effect on revenues, but it is expected to save Ellis $20,000 per year in before-tax operating costs, mainly labor. Ellis's marginal tax rate is 40%. The cost of capital (discount rate) is 10%. Use the following 3-year MACRS schedule: 0.3333,0.4445,0.1481, and 0.0741. Compute the NPV and IRR of the project. Would you ask the president to buy the equipment