Problem 3 (8 marks) GrowMore Enterprises is evaluating a project that has a total installed cost of $80,000 today. The project is expected to generate an after-tax cashflow of $5000 at the end of this year. Cash flows in future years are expected to grow indefinitely at an annual rate of 5%. a) If GrowMore has a cost of capital of 10%, what is the NPV of the project? (4 marks) b) What is the IRR of the project? (3 marks) c) Should the project be accepted or rejected? Explain. (1 mark)