Solve using excel.

Question 19) Orange Company is considering introducing a new music player. The company's CFO has collected the following information about the proposed product: The project has an anticipated economic life of 4 years. The company will have to purchase a new machine to produce the music. The machine has an up-front cost of $200,000. The machine will be depreciated on a straight-line basis to $0 over 4 years. The company anticipates it will be able to sell the machine for $10,000 at the end of four years. The project will have the following working capital balances at the end of each year: . Year o 20000 Year 1 25000 Year 2 30000 Year 3 25000 Year 4 0 NWC . . The company will sell their product for $220 per unit and variable cost are $120 per unit and they expect to sell 1500 units Incremental Fixed operating costs will be $10,000 per year. Interest costs will be $10,000 per year resulting from the project. The company is all-equity financed The company has a Beta 1.2, a market risk premium of 5 percent and a risk-free rate of 4 percent. The company's marginal tax rate is 30% Should Orange Company pursue this opportunity? Support your answer with NPV and IRR analysis