You are considering a new project that has projected sales of $120,000 each year for five years. The project would have costs of $70,000 and depreciation of $15,200. Assuming a tax rate of 34%, calculate net income. (format your answer as $XX,XXX)

Calculate the Operating Cash Flow for the project. (format your answer as $XX,XXX) Assuming the project has an initial cost of $100,000 and lasts five years, calculate the NPV of the project assuming a required rate of return of 10%. (format your answer as $XX,XXX.XX) Calculate the Internal Rate of Return on the project. (format your answer as XX.XX%)

Should you accept or reject this project? (Please answer as either "Accept" or "Reject")