(TCO G) (Ignore income taxes in this problem.) Axillar BeautyProducts Corporation is considering the production of a newconditioning shampoo that will require the purchase of new mixingmachinery. The machinery will cost $375000 is expected to have auseful life of 10 years and is expected to have a salvage value of$50000 at the end of 10 years. The machinery will also need a$35000 overhaul at the end of Year 6. A $40000 increase inworking capital will be needed for this investment project. Theworking capital will be released at the end of the 10 years. Thenew shampoo is expected to generate net cash inflows of $85000 peryear for each of the 10 years. Axillars discount rate is16%.Required:(a) What is the net present value of this investmentopportunity?(b) Based on your answer to (a) above should Axillar go ahead withthe new conditioning shampoo?