Determine the DCFROR, NPV and PVR for the project shown be

3) Determine the DCFROR, NPV and PVR for the project shown below. Assume the construction costs qualify for 20 year MACRS depreciation starting in the year following expenditure with the half-year convention in the first year of depreciation. The effective tax rate is 40%. Demolition costs should be expensed. Write-off undepreciated assets at the end of the project. We formed a new company to undertake this project. The minimum rate of return is 18 %. 1 = $1,000 Year Revenue Op costs Construction Demolition 2014 400 2019 1200 2012 2013 2016 800 2018 1200 2017 800 (50)(100) 100 (150) (150) (900) 2015 400 (50) (50)(800) (850) (100)