Future limited is considering a capital project for which the following information is available.

$($a$)$ the investment outlay on the project will be $200$ lacs. This will consist of $150$ lacs on plant and

machinery and $50$ lacs on working capital. The entire outlay will be incurred at the beginning. The

WC is expected to grow at $20\%$ for the first two years and will then be constant $($b$)$ the life of the

project is $4$ years. at the end of $4$ years, fixed assets will fetch a salvage value of $60$ lacs, whereas

the WC will be liquidated at BV$.($c$)$ The project is expected to increase the revenues of the firm

by $250$ lacs per year. The increase in costs due to the project is expected to be $100$ lacs per year

$($This includes all items of cost other than depreciation and taxes$).$ The tax rate is $30\%.($d$)$ Plant

and machinery will be depreciated at $25\%$ WDV method. Estimate the post$-$tax cash flows of the

project and its NPV if the required return by investors is $10\%$