please include formulas

(1) Would it be profitable to expand a hog operation at a cost of $30,000? The expected cash flows in years one through five are $6,000, $7,000, $7.500, $7,000, and $7.000, respectively. Inflation is 6% and the time preference rate is 2% OSAMI . 3 3 Time Cash flow 0 -30,000 1 6,000 12 2 7,000 13 3 7.500 14 4 7,000 15 5 7,000 16 17 Inflation rate 6% 18 Time preference rate 2% 19 20 a) Calculate the adjusted discount rate 21 22 Adjusted discount rate 23 24 b) Calculate the NPV: 25 26 NPV 27 28 29 30 31 32 22