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The Sisyphean Corporation is considering investing in a new canemanufacturing machine that has an estimated life of three years.The cost of the machine is $30,000. It will be depreciated 20% inyear 1, 32% in year 2, and 19% in year 3. The machine will be soldfor $15,000 in year 3.The machine will result in sales of 2000 canes in year 1. Unitsales are estimated to grow by 10% per year through year three.Each cane costs $9 to produce and will be sold for $18.Sisyphean will need to hold 2% of its annual sales in cash, 4% ofits annual sales in accounts receivable, 9% of its annual sales ininventory, and 6% of its annual sales in accounts payable. Networking capital will return to its initial level of zero in year 4.The firm is in the 32% tax bracket, and has a cost of capital of9%.Compute the NPV and IRR.Please show all work for each step.