A company is considering the purchase of a new machine. The machine will cost $60,000 plus $25,000 for shipping and installation and falls under the 3-year MACRS class. Net Working Capital will rise by $6,000 initially. It is forecasted that revenues will increase by $150,000 for each of the next 4 years and the machine will then be sold (scrapped) for $5,000 at the end of the fourth year, when the project ends. Operating costs will rise by $80,000 for each of the next four years. The company is in the 40% tax bracket. calculate Payback Period, Internal Rate of Return, Net Present Value and Profitability Index of the project at the required rate of return of 10 %. Should the project be undertaken