Your firm is considering a new market project. The project will require an equipment purchase of $950,000. The equipment also requires a delivery fee of $148,000. The project will generate revenue in the amount of $800,000 each year for five years. Annual costs will be 10% of revenue. At the end of five years, the equipment can be sold for $275,000. The firm is in the 30% tax bracket. The equipment will be depreciated using a six-year life and straightline method. The firm has a 9% weighted average cost of capital. a. What is the project's initial cash outflow? b. What is the after-tax salvage value on the equipment sale? c. What is the project's internal rate of return? Should you accept or reject the project? Why