Question: could you please show the formulation for each step in excel? thank you Summer Tyme, Inc. has cash available and is considering a new three-year

 could you please show the formulation for each step in excel?

could you please show the formulation for each step in excel? thank you

Summer Tyme, Inc. has cash available and is considering a new three-year expansion project that requires an initial fixed asset investment of $25.8 million. The fixed assets will be depreciated straight-line to zero over its three-year tax life. The fixed assets will have a market value of $10, 650,000 at the end of the project. The project is estimated to generate following revenues during those three years: $7, 800,000 for year one, $7, 700,000 for year two, and $9, 100,000 for year three. Costs are equal to 31.5% of the same year sales. The project net working capital is equal to 12% of the next year's revenue. The tax-rate is 35%. What are the project's net cash flows for years 0-3? What is the IRR on this project? Use available Excel template and complete using "best practices" (use formulas - no hardcoding in model)

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