You estimate that your product will have a six-year life span, and the equipment used to manufacture the project falls into the MACRS 5-year class. The resulting MACRS depreciation percentages for years 1 through 6, respectively, are 20%, 32%, 19%, 12%, 11%, and 6%. Your venture would require a capital investment of $160,000,000 in equipment, plus $10,000,000 in installation costs. The venture will increase accounts receivable and inventories of $30,000,000. At the end of the six-year life span of the venture, you estimate that the equipment could be sold at a $50,000,000 salvage value. Your venture would incur fixed costs of $10,000,000 per year, while the variable costs of the venture would equal 30 percent of revenues. You are projecting that revenues generated by the project would equal $50,000,000 in year 1, $130,000,000 in year 2, $150,000,000 in year 3, $160,000,000 in year 4, $110,000,000 in year 5, and $80,000,000 in year 6. The following list of steps provides a structure that you should use in analyzing your new venture. Note: Carry all final calculations to two decimal places. 1. Compute the IRR, payback, discounted payback, and NPV for each location. 2. Prepare a report for the firms CEO indicating which location if any should be accepted and why, including careful explanation of tradeoffs and concerns in non-financial factors.