Please solve question 6 showing a step by step solution

This is the solution. Please show how to arrive at the solution

Jocelyn Chen \& Bosco Lau Toys has developed a new children's toy. The project will last for 4 years. The total sales for the first year are $20,000 and the annual real growth rate of total sales is 20%. Operating costs are expected to be 40% of the sales revenues. Sales and operating costs numbers are presented in the following table: [ The product requires an immediate investment of $60,000 in plant and equipment today. The expected nominal salvage value of the plant and equipment at the end of 4 years is $0. Plant and equipment is depreciated at 20% per year. The standard half-year depreciation rule applies. The corporate tax rate is 40% and annual discount rate for all cash flows is 12%. a. Compute the Initial UCC, annual CCA and End of Year UCC. Put your numbers in the following table: b. Compute the operating cash flows for each year. c. What is the NPV of this project? Should the firm undertake it? a. 0.25 points each. in total 3 noints b \[ \begin{array}{l} \text { OCF_1 }=0.6^{*}(20000-8000)+0.4^{*} 6000=96004 \text { points } \\ \text { OCF_2 }=0.6^{*}(24000-9600)+0.4^{*} 10800=12960 \\ \text { OCF_3 }=0.6^{*}(28800-17280)+0.4^{*} 8640=10368 \\ \text { OCF_4 }=0.6^{*}(34560-20736)+0.4^{*} 6912=11059.2 \end{array} \] c. NPV=26688.92 points