Please show all work and formulas used :)

1) Suppose you work for Meijer, a large grocer headquartered in Michigan. 20 years ago, Meijer bought a parcel of land on the outskirts of Lafayette, Indiana. It is currently being rented to a farmer. They intended to build a new store on the lot after a proposed new highway was complete. However, when the new highway was built it went in a different direction and now they must decide whether to build the new store. You ask around and find the following information from the following departments (all numbers are in thousands of dollars): The sales department tells you: Annual Revenue: The operations department tells you: Inventory Required on Shelves: Annual Cost of Goods Sold: Annual Cost of Running Store: Annual Allocated Overhead from HQ : The forecasting department tells you: Loan to fund construction: Interest Rate: Weighted Average Cost of Capital: Depreciation Schedule: Tax Rate: $2400 $140 $1500 $500 $80 $300 4%, loan is interest only (no principle payments) 13% Straight-line depreciation over 40 years 30% for income, 15% for capital gains 1a) Your boss tells you to find the unleveraged incremental cash flow of the project for the next four years. Write your answer in the form of a pro forma statement on the next page. 1b) Should you approve this project? Why or why not