I need a detailed steps by steps solution for question 2a&b please.

c. eau tomorrow, followed by 100 ci rate is 19% per year. ran 2. E Z A Corp. is setting up an online database containing the answers to every exam question ever given. An initial investment of $l0 million is required. Revenues are vsk & --2.-.-m-s,lmnmnumxa Iv. can umm .t-A- > , ,. projected at $22 million per year for three years. OberagfisMfiH"berterniinaterl at year 3, a... "M- wuwu-n-e- aily cash flows that decline" by ().()5% per day, discount . .......- .. Quest funny.-. ""T , 'P "MUM Wlth zero disposal value. Operating costs are KW; dyke}. In aglgl'itiofiffiadvertising costs of $1 million per year Will be incurred at years 1 through; 3. Receivablesare $5 million at "Wuv-4m-uu' ... ....at....,'..>.a....m years 1 through 3. Bad Debt at years 2 through 4 equals 20% bf-pr'evious-years' Receivables. Inventories and Payables are negligible in all years. For tax purposes, the investment will be al'epree'ilrii'rfiflfetraight-r1 -. to an ending book l A "mw-we" value of $1 million at year 3. The tax rate is 35% an the OCC is 14%. . 5 l a. Forecast the cash flow stream generated by thlS 1nvestment. m V O A * """" ' KM 2: 2 L b. Calculate the N of the investment. v v 'A "livin: - dm 3 X Goes Yi NOW" Y OZ l T'l : CF , 'A ; Gi 'V 6) ' at" A (Zee Beat Dm: Ef. A WAS la 0 0 0 il? l (l 5 {EE 6? 5 fl " - v 1 gk 0 x) " i 3 1 5 xx {XXX 0 (x l 0 " l O O