3. Your company is considering a high-technology project with the following estimated economic results for the seven-year analysis period being used. It requires P3,600,000 investment, with no salvage value at the end of the study period. If tax rate is at 39%, and that your accounting department uses the straight-line method for depreciation, determine the after-tax cash flows for this project. The management requires an 18% rate of return (after taxes) on any investments. BTCF -P3,600,000 End of Year 0 1 1,450,000 2 1,500,000 3 1,500,000 4 1,500,000 5 1,500,000 6 1,500,000 7 1,500,000 a. Should the project be approved, based on ATCF PW analysis? b. What is the ATCF IRR of the project?