A company plans a project that requires an asset that costs $120,000 with an economic life of 3 years. The asset will be depreciated using the straight-line method to $0 book value. The salvage value is $30,000. Sales are expected to be $100,000, $110,000, and $120,000 for years 1, 2, and 3 respectively. Expenses are equal to 50% of the sales. The company will need to invest $12,000 at time t=0 in NWC which will increase by $1,000 each year. The cost of capital is 12% and the tax rate is 40%. Develop the cash flows and calculate NPV, IRR, and MIRR.