Expert, Please help to solve (i) & (ii). Thank You!

b. IVE Co. Ltd. purchases a machine for $47,000. It has an estimated life of 3 years and an operating and maintenance cost of $15,000 per year. IVE Co Ltd. expects to manufacture with this machine and sells 6000 items (at $10 each) in the first year, 8000 in the second year and 7000 in the third year. The cost of raw materials for each item is $5. Assuming that all payments and receipts occur at the beginning or the end of a year. (i) Tabulate the cash flow of the project by filling in the following table: (10 marks) 0 2 3 Time in years) Cash Intlow: Profit Cash Outtlow: Machine Cost Operating and Maintenance Costs Cost of Raw Materials Net Cash Flow(NCF) (ii) Calculate the NPV of the project with i = 8%. (10 marks)