Answer the question with the requirements please All the formula you need to use you will find it in the 2nd picture

[25] QUESTION 3 HardSoft Ltd is considering developing new software that will indicate likely scenarios arising from climate change. The software includes an educational game whereby players try to save the world by undertaking actions that reduce emissions. The software also offers scientific explanations and presents scenarios about the impact that global warming will have on different regions of the world. The cost of software development, which will be incurred immediately, is expected to amount to R4 million. Year 1 2 3 4 Sales (No. of units) 100,000 100,000 80,000 60,000 The company expects to sell each unit for R30 to the stores and the variable cost of production, packaging and distribution is R6 per unit. The incremental fixed costs over the next four years is expected to be R40 000 per year. The cost of software development of R4m is deductible for tax purposes over two years i.e. 50% of the cost in each year. The corporate tax rate is 28%. The firm's cost of capital is 14%. What is the project's NPV? What is the project's payback? PVA PMT PVA-PAT. er.cp-4 Return on miested Capital - EBIT invested Capital Asset turner operating assets FVAdue - PMTX x(4+"pet-4-- (1+RY NPV E-IRR profit PV Aue - PNT X -- {1+ (open) BOE OT PX(R-R) ROCE net operating profir after tax het operating sets EBIT NOPAT MPAT ROA Total assets total assets total assets Cash flow to total de cash flow from operations total debe EBIT S-VC DOL 3 - VC- Cross profit margin-rous profit sales Met income to sales from continuing) operations Dividend yield- dividend per share price per share Earnings yield I share prior per share OFL ERITI DILDOLX OFE CPU total contribution total sales FC Break En CPU Current assets Current ratio Currenties Quick rette current arsets - Inventory current liabilities wentary tumor cost of sales sales intory Deltor period accounts receiveable sales/365 trade and other payables Creditor period cost of sales/365 sales Total Power operating assets debe Debat total assets total delit RR Share EVA - NOPAT-(WACC x invested Capital) Delete spuity cotal equity Raw material inwentary days (Rew material inventory/Purchases) 365 days . Work in progress inventory days (WIP inventory/Cost of Sales) x 365 days Finished goods inventory days Finished goods intry/cort of sales) x 365 days Debtors days (Debters/Sales) 365 days Creditors days - (Creditors/Purchases) * 365 days EBIT Times interest earned interest EBITDA coverage EBIT + depreciation + amortisation Interest sales Fixed asset to