The Web Inc. is considering adding a new line to its product mix. You are to conduct a capital budgeting analysis on the project. The production line would be set up in unused space in Webs' main plant. The space could be leased out at $120,000 per year. The machinery to produce the new tool invoices for approximately $2,500,000; $20,000 in shipping charges would be required; and it would cost $30,000 to install the machinery. Web has paid $5,000 to get the necessary city approvals to purchase the equipment. The firm's current assets would be increased by $250,000 to handle the new line, but its current liabilities would rise by $105,000. The machinery has an economic life of 4 years, and will be depreciated using MACRS 5-year life. The machinery is expected to have a salvage value of $1,000,000 after 4 years, $1,500,000 after 3 years. The new line would generate $1,250,000 in additional sales and $320,000 in additional production costs. Sales would increase at 1% per year and cost would increase by .75% per year. The new line will increase sales from existing lines by $40,000 per year for the life of the new line. the firm's marginal tax rate is 34% and its required return is 12%. Compute the NPV, IRR, and MIRR of the project for the economic life of the project