Tradition Sports Distribution is considering opening new branches in two locations. An analysis revealed the following: 0 Bend, OR Time Period EBIT(1-T) Depreciation Change in WC Capital Investment 1 $10,500 $1,429 $27,620 2 $11,235 $1,429 $176 3 $12,015 $1,429 $140 4 $12,843 $1,429 $101 $13,721 $1,429 $56 $10,000 Fort Collins, CO Time Period EBIT(1-T) Depreciation Change in WC Capital Investment 1 $14,000 $2,571 $36,826 2 $14,980 $2,571 $234 3 $16,020 $2,571 $187 4 $17,123 $2,571 $135 5 $18,295 $2,571 $77 $18,000 1. What is the IRR of each? 2. What is the NPV (14% COC) of each? 3. Which location(s) should be opened, and why