You are considering a project with an initial cash outlay of $74,775 and expected free cash flows of $25,000 at the end of each year for 5 years. a. Calculate the project's internal rate of return (IRR). b. Assuming cost of capital of 10%, calculate the modified internal rate of return. Dezful Chemical Corporation is considering the purchase of a chemical analysis machine with the following information: Purchase Price of $150,000 with shipping & installation of $5,000 Training cost of $4,000 and working capital requirement of $6,000 Annual revenue increases by $60,000 and operating cost increases by $10,000 Life: 10 years Depreciation: Straight-line to zero salvage value Market Value of Machine in 10 years: $12,000 Cost of capital of 12% with Tax Rate: 25% Calculate the followings: A. Initial Outlay (Net Investment). B. Net change in net annual cash flow (year 1 10). C. Terminal Cash flow. D. Should this machine be purchased