WXB Inc. whose tax rate $=32\%,$ is considering a $20-$year project which requires an initial investment of $$815,000,$ and has annual cash flows of $$94,000.90-$Day T$-$bills and $30-$year government bonds are currently paying $2\mathrm{.}5\%$ and $4\mathrm{.}75\%,$ respectively. Should WXB Inc. undertake this project assuming the opportunity cost of capital $=11\mathrm{.}25\%(*$assume the following: CCA $=30\%$ and the salvage value $=$ $$280,000).$ How might your answer change if the CFO underestimates the risk by $1\mathrm{.}5\%?$

I need to check my answers, please show all steps and formulas in a clean and easy to read manner.