Utilize the information below to answer questions $1-4_{{?}_{?}}$

Salad Inc is looking at a new salad vending system with an installed cost of $$625,000.$ This cost will be depred

straight$-$line to zero over the project's five$-$year life, at the end of which the salad vending system can be scrapped for

$$95,000.$ The salad vending system will save the company $$183,000$ per year in pre$-$tax operating costs, and the

system requires an initial investment in net working capital of $$41,000.$ The tax rate is $34\%$ and the discount rate is

$8\%.$

What is the NPV$?$

What is the IRR?

What is the payback?

Is this a project in which the company should invest? Why?