A company is considering some new equipment whose data are shown below. The equipment has a 3-year tax life and would be fully depreciated by the straight-line method over 3 years, but it would have a positive pre-tax salvage value at the end of Year 3, when the project would be closed down. Also, additional net operating working capital would be required, but it would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's 3-year life. Calculate the project's NPV, IRR, MIRR, PI, and Payback. Should the firm take this project? Explain WACC 10.00% Net investment in fixed assets (depreciable basis) $ 71,000.00 Required net operating working capital (Year 0) $ 11,000.00 Annual sales revenues $ 70,000.00 Annual operating costs (excl. depreciation) $ 30,000.00 Expected pre-tax salvage value $ 5,050.00 Tax rate 35.00% Project life 3years