Q2 (35/100) A new process is expected to cost $150 million paid at the end of 1 st year. The land cost is $8 million. The working capital is $10 million. The estimated revenue from years 2 through 10 is $80million/y. The cost of manufacture is $25 million/y. The salvage value is $7.5 million. The internal hurdle rate (interest rate) is 10% p.a., and the taxation rate is 30%. Calculate (a) the net present value, (b) present value ratio and (c) discounted payback period for this process. Use the MACRS method for depreciation