1. Your firm has an opportunity to make an investment of $50,000. Its cost of capital is 12 percent. It expects after-tax flows (including the tax shield from depreciation) for the next 5 years to follows: The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for product are assumed to be as follows:

Year 1	$10,000
Year 2	$20,000
Year 3	$30,000
Year 4	$20,000
Year 5	$5,000

1. Calculate the NPV
2. Calculate the IRR (to the nearest percent)
3. Would you accept this project.