Alpha Inc. is considering purchasing a new automatic press brake, which costs $300,000 including installation and shipping. The machine is expected to generate net cash inflows of $80,000 per year for 10 years. At the end of 10 years, the book value of the machine will be $0, and it is anticipated that the machine will be sold for $100,000. If the press brake project is undertaken, Alpha will have to increase its net working capital by $75,000. When the project is terminated in 10 years, there will no longer be a need for this incremental working capital, and it can be liquidated and made available to Jefferson for other uses. Alpha requires a 12 percent annual return on this type of project and its marginal tax rate is 40 percent. (Chapter 10) a. Calculate the press brakes net present value. b. Is the project acceptable? c. What is the meaning of the computed net present value figure? d. What is the projects internal rate of return?