You are considering adding a feeding floor to your hog operation. The floor will cost you $$42,000$ and is expected to last $7$ years. The salvage value at the end of $7$ years is expected to be $15$ percent of the original cost. Each year you plan to buy $500$ feeder pigs for $$90$ each. It costs you $$85$ a head to feed and pay for the medical cost to raise each hog to market weight. A market animal is worth $$200$ per head. Death loss is estimated at $3$ percent. Your tax rate is $15$ percent, and your required rate of return is $12$ percent.

$1\mathrm{.}1$ What is the Annual Net After Tax Cash Flow of this capital project? $($Calculate tax after deducting depreciation$)$

$1\mathrm{.}2$ What is the Net Present Value $($NPV$)$ of the project with a $7$ year time horizon and terminal value of the investment of $15\%$ of original cost?

$1\mathrm{.}3$ What is the Internal Rate of Return $($IRR$)$ of the project?