Hаmlet аnd Hоrаtiо are diggers. They are currently cоnsidering investing in a new machine to replace their outdated shovels and have spent $5,000 of travel costs to date. The new machine would cost $28,000 and have an expected useful life of four years. If Hamlet and Horatio buy the new machine, their annual cash inflows would increase by $8,000. Hamlet and Horatio assume an inflation rate of 2%, a risk-free rate of 3%, and a risk premium of 4%. Their marginal income tax rate is 20%. The equipment qualifies for the 3-year MACRs class (33.33%, 44.45%, 14.81%, and 7.41%). Assume zero salvage value. All figures are given in today’s dollar value. (20 pts. total) Please refer to the PV_FV-Tables.pdf to answer the questions below. What is the nominal rate (take to two decimal places)? (2 pts.) What is the total future cash flow in each year (round to nearest dollar)? (10 pts.) What is the discounted cash flow for each year (round to nearest dollar)? (6 pts.) What is the NPV of this project (round to nearest dollar)? (2 pts.)