Watertown Paper Corporation is considering adding another machine for the manufacture of corrugated cardboard The machine would exist900,000 It would have an estimated life of 6 years and no salvage value. The company estimates that annual revenues would increase by exist400,000 and that annual expenses excluding depreciation would increase by exist190,000. Management has a required rate of return of 9%. (a) Calculate the net present value on this project. (b) Calculate the internal rate of return on this project, and discuss whether it should be accepted