You run a profitable business that is considering the purchase of a new machine. You just completed a product market research study for this machine and spent $10,000 on this study. The machine will cost $100,000 (payable today), and for tax purposes you will depreciate $30,000 per year for each of the next two years. The machine will produce EBITDA of $50,000 per year for each of the next two years. At the end of two years, you expect to sell the machine for $15,000. The project will require an up-front investment in net working capital of $10,000, which will remain at 10,000 in year one and then be fully recovered (net working capital returns to 0) at the end of the project in two years. Your tax rate is 20% If your cost of capital is 8%, what is the NPV of buying this machine? What is the IRR?