The UFRO Company is considering the replacement of an existing spectrometer with a new spectrometer, faster and with expanded capacity. If the new spectrometer is purchased, the existing (old) computer will be sold for $80,000 immediately. The existing spectrometer was purchased three (3) years ago for $500,000. It is being depreciated under the 3-year MACRS schedule. The salvage value at the end of its six-year life will be $50,000. The new spectrometer will be purchased for $800,000. If the new spectrometer is purchased accounts receivable increase immediately by $25,000, accruals will increase immediately by $40,000; and accounts payable will increase immediately by $30,000. The UFRO Company has a 30% corporate tax rate. Shipping and installation will cost UFRO $80,000, and the modifications to the building will be $75,000. If the new spectrometer is purchased, sales in year 1 will be $700,000, sales in year 2 will be $900,000, and sales in year 3 will be $950,000 Without the new spectrometer, sales will be $300,000 in year 1, $400,000 in year 2 and $450,000 in year 3. Operating expenses with the new spectrometer will be 40% of sales, with the old spectrometer those costs are 50% of sales. The new computer will be depreciated using the 3-year MACRS schedule [yr.1. 33%, yr. 2. 45%, yr. 3 15%, and yr. 4: 7%] It is expected that the new spectrometer will be sold after three (3) years for $220,000. The UFRO Company has a cost of capital of 12%. Calculate the NPV, IRR, MIRR and Payback Period