Question $3$ Bow Berhad is evaluating a new capital expenditure project. The details are as follows: $1.$ The project requires an immediate cost of RM$2,100,000$ and residual value of RM$15,000.2.$ Sales are expected to be RM$1,550,000$ per annum for years $1$ to $3,$ falling to RM$650,000$ per annum for the two years after that. No further sales of the product are expected after the end of this five$-$year period. $3.$ Cost of sales is $40\%$ of sales. $4.$ Distribution costs represent $10\%$ of sales. $5.$ Administrative costs are $5\%$ of sales. $6.$ The company$$s cost of capital is $10\%.$ Discount factors: Year $10\%12\%10\mathrm{.}9090\mathrm{.}89320\mathrm{.}8260\mathrm{.}79730\mathrm{.}7510\mathrm{.}71240\mathrm{.}6830\mathrm{.}63650\mathrm{.}6210\mathrm{.}567$ Required: Calculate, in relation to the investment project, the: $($i$)$ Net Present Value $($NPV$)$ @ $10\%(15$ marks$)($ii$)$ Internal Rate of Return $($IRR$)$ to the nearest percent. $(10$ marks$)($iii$)$ Commend on the financial viability of this capital expenditure project