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Provide an explanation and calculate please.

Quantitative Problem: Sunshine Smoothies Company {SSC} manufactures and distributes smoothies. SSC is considering the development of a new line of high-protein energyr smoothies. SSC's CFO has collected the following information regarding the proposed project, which is expected to last 3 years: - The project can be operated at the company's Charleston plant, which is currently vacant. - The project will require that the oompany spend $4.1 million today {t = 0} to purchase additional equipment. For tax purposes the equipment will he depreciated on a straight-line basis over 5 years. Thus, the rm's annual depreciation expense is $4,100,000)? = $820,000. The company plans to use the equipment for all 3 years of the project. At t = 3 (which is the project's last year of operation), the equipment is expected to be sold for $1,500,000 before taxes. - The project will require an increase in net operating working capital of $130,000 at t = 0. The cost of the working capital will be fully reooyered at t = 3 [which is the project's last year of operation). - Expected high-protein energy smoothie sales are as follows: Year Sales 1 $2, 100,000 2 8,000,000 3 3, 150,000 - The project's annual operating costs {excluding depreciation} are expected to be 60% of sales. - The company's tax rate is 40%. - The company is extremely protable: so if any losses are incurred from the high-protein energy smoothie project they can be used to partially offset taxes paid on the company's other projects. (That is, assume that if there are any tax credits related to this project they can he used in the year they occur.) - The project has a WACC = 10.0%. What is the project's expected NW[ and IRR? Do not round intermediate calculations. Round the monetary yalue to the nearest cent and percentage value to two decimal places. NW $ IRR % Should the rm accept the project