Wynwood Brewing Wynwood Brewing is a Miami's craft production brewery. The brewery is located in the neighborhood with the same name and brews some popular beers, like La Rubia or Pop's Porter, that are sold in its own bar within its premises, but also in local supermarkets, like Publix, and national ones, like Whole Foods. It was founder by Luis Birgnoni and his father Luis 'POPS' Brignoni. Luis Jr. and POPs are evaluating a new bottling machine for its brewery, they said that it will expedite the production and they will be able to recover their investment in no time. The investment has the following numbers. The required rate of return (discount rate) to be used for the calculations is 9.6% and for the payback analysis, the owners would like to recover their investment in 1.5 years maximum. Investment needed to purchase the new machine: ($453,000) Returns: Year 1: $220,000 Year 2: $350,000 Year 3: $150,000 Year 4: $70,000 a) Calculate IRR, NPV and Payback period b) Should they go ahead with the project? Why