Holmes Manufacturing is considering a new machine that costs $$290,000$ and would reduce pretax manufacturing costs by $$90,000$ annually. The new machine will be fully depreciated at the time of purchase. Management thinks the machine would have a value of $$24,000$ at the end of its $5-$year operating life. Net operating working capital would increase by $$28,000$ initially, but it would be recovered at the end of the project's $5-$year life. Holmes's marginal tax rate is $25\%,$ and a $13\%$ WACC is appropriate for the project.

Calculate the project's NPV$.$ Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest cent.

$

$-11027\mathrm{.}47$

Calculate the project's IRR. Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

Calculate the project's MIRR. Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

Calculate the project's payback. Do not round intermediate calculations. Round your answer to two decimal places.

years

Assume management is unsure about the $$90,000$ cost savings$-$this figure could deviate by as much as plus or minus $20\%.$ What would the NPV be under each of these situations? Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest cent.

$20\%$ savings increase: $

$20\%$ savings decrease: $

Suppose the CFO wants you to do a scenario analysis with different values for the cost savings, the machine's salvage value, and the net operating working capital $($NOWC$)$ requirement. She asks you to use the following probabilities and values in the scenario analysis:

Scenario Probability Cost Savings Salvage Value NOWC

Worst case $0\mathrm{.}35$ $$72,000$ $$19,000$ $$33,000$

Base case $0\mathrm{.}35$ $$90,000$ $$24,000$ $$28,000$

Best case $0\mathrm{.}30$ $$108,000$ $$29,000$ $$23,000$

Calculate the project's expected NPV$,$ its standard deviation, and its coefficient of variation. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer for expected NPV and for standard deviation to the nearest cent and for coefficient of variation to two decimal places.

E$($NPV$)$: $

$\backslash$sigma NPV: $

CV: