Please answer the following question with calculation for each step.

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Question 11 1 pts Company B is considering a proposal to start a project that is equally as risk e overall firm. They expect they can sell 50,000 cans of food per y w product such as this one typically has only a three-year life. Fixed costs for the project, including such things as rent on the production facility, will run $12,000 per year. Further, they will need to invest a total of $90,000 in ma facturing equipment. For simplicity, we will assume that this $90,000 will be depreciated over the three-year life of the project (straight-line). Furthermore, the cost of removing the equipment will roughly equal its actual value in three years, so it will be essentially worthless on a market value basis as well. Finally, the project will require an initial $20,000 investment in net working capital and no extra net working capital required for the next 3 years. At the end of the project's life, the firm will recover $20,000 that was tied up in working capital. Assume tax rate is 34% and required rate of return of the new project is 20%. 1 ) What are the incremental cash flows that will be generated by this new project over the next three years? 2) What's NPV of the new project? 3) What is IRR for the new project? 4) Would you accept the new project? Edit Format Table 12pt ~ Paragraph BIUA . Previous Quiz saved at 6