b. Compute the net present value of the project based on the revised cash flow forecast which should include the depreciation tax benefit discovered. Should Mr. Trevalli approve the project? Advisable to set up a mini table of present value factors to make your calculations easier Problem 16-3 Mr Stacks is reviewing his company's investment in a cement plant. The company paid $ 67,500,000 five years ago to acquire the plant. Now top management is considering an opportunity to sell it. The president wants to know whether the plant has met original expectations before he decides its fate. The company's discount rate for present value computations is Expected and actual cash flows follow 8% Year 2 22,140,000 13,770,000 Year 3 Expected Actual 14,850,000 12,150,000 20,520,000 22,140,000 Year 4 22,410.000 17,550,000 Year 5 18,900.000 16,200,000 REQUIRED a. Compute the net present value of the expected cash flows as of the beginning of the investment. b. Compute the net present value of the actual cash flows as of the beginning of the investment. c. What do you conclude from this postaudit? Advisable to set up a mini table of present value factors to make your calculations easier