Please prep a cost analysis for the project, including prices and expenses.

relevant with the following data.

Initial Investments:

Cost of developing new software for the company: $125,000

Software licensing cost: $25,000

Specialized Hardware Cost: $36,800

Staff Training Cost: $12,000

Other Initial Expenses: $4,500

Future Cash Flows (Annual Projections):

Year 1: $50,000 (Net income after operating expenses)

Year 2: $60,000 (Net income after operating expenses)

Year 3: $70,000 (Net income after operating expenses)

Year 4: $80,000 (Net income after operating expenses)

Year 5: $90,000 (Net income after operating expenses)

Discount rate:

The discount rate used to calculate the NPV and IRR is 10% per year.

Calculate the present value of cash flows (NPV)

Find the Internal Rate of Return (IRR)