Willet Company provides the following information on a capital-budgeting project: Net initial investment $100,000 Estimated useful life 4 years Estimated before-tax annual cash ow from operations$33,000 Estimated terminal disposal value $7,000 Required rate of return 12% Income tax rate 30% Willet uses straight-line depreciation and ignores the terminal disposal value in computing depreciation for tax purposes. Compute present values in this exercise by using either the tables in Appendix A at the back of the textbook or a calculator. For this project: a. Compute NPV. b. Compute IRR (to the nearest tenth of a percent). c. Compute payback. d. Compute AARR on net initial investment (to the nearest tenth of a percent)