Ramesh Corporation Ltd. is having following particulars: Cost of existing cleaning equipment 5 years ago 1,000,000 WDV dep rate Current scrap value New equipment cost WDV dep rate of 5 years' of life Selling price of new equipment after its life Annual reduction in expenses Marginal Tax Rate Hurdle Rate 40% 100,000 1,200,000 HY HY Compute: 1) Net Incremental Cash Flows for the project 2) Compute Payback Period, NPV and IRR of the project Solve in MS-Excel with showing used formulas. 40% 200,000 200,000 30% 10%