please use EXCEL and show the formulas

Problem Statement A company that manufactures recreational pedal boats has approached Mike Cichanowski, the President of Kayak Concepts, to ask if he would be interested in using Kayak Concepts' rotomold expertise and equipment to produce some of the pedal boat components. Mike is intrigued by the idea and thinks it would be an interesting way of complementing the present product line. One of Mike's hesitations about the proposal is that the pedal boats are a different shape than the kayaks that Kayak Concepts produces. As a result, the company would need to buy an additional rotomold oven in order to produce the pedal boat components. This project clearly involves risks, and Mike wants to make sure that the returns justify the risks. In this case, since this is a new venture, Mike thinks that a 15% discount rate is appropriate to use to evaluate the