QUESTION 1: Consider an investment project whose initial cost which is also equal to its capital cost is $30 million. The life of the project is 15 years and it is estimated to have a zero salvage value. Depreciation on this asset will be claimed on a declining balance basis at the d rate of 20%. The first year one-half rule will apply. The product the project will produce will be sold at $10,000 per unit and variable costs per unit is s6,000. Assume annual fixed cost of the project of $4 million, corporate tax rate of 30% and costs of capital at 10% per annum. Find the financial break-even level of project's output. If the forecasted incremental output of the project is 2,240 units, is the project acceptable? QUESTION 2: The same data as on the previous question, but add the following information: a) The salvage value of the equipment is$6,000,000 at the end of 15th year, and b) In addition to capital cost of $30,000,000, the firm has to incur also $5,000,000 non- capital costs as the part of the initial cost. Redo the financial breakeven analysis of the project with the same forecasted level of incremental output of 2,240 units