Please solve by hand, not using excel. No discount rate provided. Suppose Blue Thumb Tools is considering...

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Please solve by hand, not using excel. No discount rateprovided.
Suppose Blue Thumb Tools is considering the introduction of anew, heavier hammer to be used for driving spikes. The new hammerwill cost $490,000. The cost will be depreciated straight-line tozero over the project’s five-year life, at the end of which the newhammer can be scrapped for $40,000. The new hammer will save thefirm $146,000 per year in pretax operatingcosts, and it required an initial investment in networking capital of $35,000. The tax rate of the firm is 30%.
What are the cash flows of firm’s new project (using a timeline)?

What is the net present value of thisproject (list your setups)?
What is the IRR of this project (list your setups)?

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Please solve by hand, not using excel. No discount rateprovided.Suppose Blue Thumb Tools is considering the introduction of anew, heavier hammer to be used for driving spikes. The new hammerwill cost $490,000. The cost will be depreciated straight-line tozero over the project’s five-year life, at the end of which the newhammer can be scrapped for $40,000. The new hammer will save thefirm $146,000 per year in pretax operatingcosts, and it required an initial investment in networking capital of $35,000. The tax rate of the firm is 30%.What are the cash flows of firm’s new project (using a timeline)? What is the net present value of thisproject (list your setups)?What is the IRR of this project (list your setups)?