5. please show the solving

5. A manufacturing contractor is considering the purchase of a new equipment that costs $350,000 to use it in a project. The contractor's revenues are based on the usage of the equipment, which is $100 per hour. The expected average annual usage is 400 hours, and maintenance and operating costs will be $10 per hour. The contractor will depreciate the equipment by using a five-year MACRS depreciation schedule. At the end of five years, the machine will be sold for $100,000. Suppose that the project also requires an investment in working capital in the amount of $60,000, which will be fully recovered at the end of year 5. Assuming the contractor's tax rate is 25% per year and MARR is 13%, prepare the income and cashflow statements and determine the net present worth (NPW) and IRR of the project. (Prepare them in a table format.) 5 Click the icon to view the MACRS depreciation schedules. 6 Click the icon to view the interest factors for discrete compounding when i = 13% per year. The NPW of the project is $ (Round to the nearest dollar.) 5: More Info Class 3 5 7 10 15 20 Year n Depreciation rate 200% 200% 200% 200% 150% 150% 1 20.00 14.29 10.00 5.00 9.50 2 32.00 24.49 18.00 33.33 44.45 14.81 7.41 3.750 7.219 6.677 6.177 3 19.20 17.49 14.40 8.55 4 12.49 11.52 7.70 11.52 11.52 5 6.93 8.93 8.92 9.22 7.37 5.713 5.285 6 5.76 6.23 7 8.93 5.90 4.888 6.55 6.55 8 4.46 5.90 4.522 9 6.56 5.91 10 6.55 4.462 4.461 4.462 11 3.28 12 5.90 5.91 5.90 5.91 5.90 13 4.461 4.462 4.461 4.462 14 15 5.91 16 2.95 4.461 17 18 4.462 4.461 4.462 19 20 4.461 21 2.231 Year to switch from declining balance to straight line 6: More Info Single Payment Compound Present Amount Worth Factor Factor (F/P, i, N) (P/F, I, N) 1.1300 0.8850 1.2769 0.7831 Compound Amount Factor (F/A, i, N) 1.0000 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) (P/A, I, N) 1.0000 0.8850 N Capital Recovery Factor (A/P, I, N) 1.1300 0.5995 1 2 2.1300 0.4695 1.6681 3 1.4429 0.6931 3.4069 0.2935 0.4235 2.3612 2.9745 4 1.6305 0.6133 4.8498 0.2062 0.3362 5 1.8424 0.5428 6.4803 0.1543 3.5172 0.2843 6 2.0820 8.3227 0.1202 3.9975 0.4803 0.4251 0.2502 0.2261 7 2.3526 10.4047 0.0961 4.4226 8 2.6584 0.3762 12.7573 0.0784 4.7988 0.2084 9 3.0040 0.3329 15.4157 0.0649 5.1317 0.1949 10 3.3946 0.2946 18.4197 0.0543 5.4262 0.1843