1. Evaluate the proposed project for Mr. Harold using the capital budgeting techniques (including IRR). Assume the opportunity cost of capital is 12% (that is, 15% net of 20% tax). 2. Include a sensitivity analysis if Mr. Harold decides to provide a fee reduction in the expected revenue for 5 years as follows: Year 1 Year 2 Total strength New enrolments Returning Fees - New students (one time and annual) Fees - Returning students (annual) 35 35 0 $17,500 50 25 25 $18,000 Years 3-5 (per year) 80 40 40 $18,500 $15,500 $16,000 3. In 700-800, words discuss the project is financially viable, supported by your calculation(s). Make a recommendation to the client based on your analysis in Steps 1 and 2. 1. Evaluate the proposed project for Mr. Harold using the capital budgeting techniques (including IRR). Assume the opportunity cost of capital is 12% (that is, 15% net of 20% tax). 2. Include a sensitivity analysis if Mr. Harold decides to provide a fee reduction in the expected revenue for 5 years as follows: Year 1 Year 2 Total strength New enrolments Returning Fees - New students (one time and annual) Fees - Returning students (annual) 35 35 0 $17,500 50 25 25 $18,000 Years 3-5 (per year) 80 40 40 $18,500 $15,500 $16,000 3. In 700-800, words discuss the project is financially viable, supported by your calculation(s). Make a recommendation to the client based on your analysis in Steps 1 and 2