Question: Please show excel functions used to get the answer(Show work) 1. You are provided with the following data on a project. a) Unit sales for

Please show excel functions used to get the answer(Show work)Please show excel functions used to get the answer(Show work) 1. You

1. You are provided with the following data on a project. a) Unit sales for years 1, 2, 3, 4, and 5 are 74,000, 85,000, 104,000, 96,000 and 68,000, respectively, at a sales price per unit of $375. b) Net working capital: The initial net working capital needed is $1.5 million and additional working capital each year is 15% of the projected sales increase for the following year. c) Total fixed costs are $3.2 million per year and variable costs are $255 per unit. d) The equipment installed cost is $16.5 million and is depreciated using a 7-year MACRS method. e) In five years, the equipment can be sole for about 20% of its acquisition cost. f) The tax rate is 21% and the cost of capital is 18%. What is the NPV and IRR of this project? 1. You are provided with the following data on a project. a) Unit sales for years 1, 2, 3, 4, and 5 are 74,000, 85,000, 104,000, 96,000 and 68,000, respectively, at a sales price per unit of $375. b) Net working capital: The initial net working capital needed is $1.5 million and additional working capital each year is 15% of the projected sales increase for the following year. c) Total fixed costs are $3.2 million per year and variable costs are $255 per unit. d) The equipment installed cost is $16.5 million and is depreciated using a 7-year MACRS method. e) In five years, the equipment can be sole for about 20% of its acquisition cost. f) The tax rate is 21% and the cost of capital is 18%. What is the NPV and IRR of this project

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