Waldo Entertainment Products, Inc. is negotiating with Disney for the rights to manufacture and sell superhero-themed toys for a three-year period. At the end of year 3, Waldo plans to liquidate the assets from the project. Additional information is available for download from McGraw-Hill's Connect or your course instructor. Given this information, identify the relevant cash flows, then calculate the investment's net present value, benefit-cost ratio, and internal rate of return. 

Facts and assumptions ($ thousands)
Marketing research costs, to date	20,000
Initial cost of new equipment	250,000
Expected life of equipment (years)	5
Salvage value	0
Depreciation method	Straight-line
Selling price of new equipment at the end of year 3	125,000
Incremental annual sales (years 1 through 3)	350,000
Incremental annual production costs	160,000
Incremental annual selling and administrative expenses	40,000
Current annual overhead costs	200,000
Tax rate	30%
Working capital required (percent of sales)	15%
Minimum required rate of return	12%