Engineering homework help

Engineering homework help. Tangshan Mining Company is considering investing in a new mining project. The firm’s cost ofcapital is 12 percent and the project is expected to have an initial aftertaxcost of $5,000,000.Furthermore, the project is expected to provide aftertaxoperating cash flows of $2,500,000 in year 1,$2,300,000 in year 2, $2,200,000 in year 3, and ($1,300,000) in year 4?(i) (3 pts) Calculate the project’s NPV.(ii) (2 pts) Calculate the project’s IRR.(iii) (3 pts) Should the firm make the investment? Why?year cash flows01234 -5000000250000023000002200000-1300000 RateNPVIRR 12%$ -194,568.189.11% No, the project should not be accepted

Engineering homework help