Your company is considering developing an internet-based service that will require 7500 SLOC of custom software developed using the embedded mode (scale factor = 2.8, exponent =1.20). At the beginning of the first year, the company will buy for $15,000 the necessary capital equipment. The software will be developed during the first year at a cost of $9000 per equivalent person month and the service will go online at the end of the first year. You can assume that the capital investment for hardware and software occurs at the beginning of the first year. During years 2 - 5 the service is expected to generate $115,000 per year of income. The equipment is expected to have a salvage value of $7,000 at the end of the fifth year. The companys before-tax MARR is 15% and the effective tax rate is 33%. The hardware and software areto be depreciated using the 3-year GDS

A. Using intermediate COCOMO, determine the development cost. All development multipliers are nominal.

B. Determine whether the project is economically justifiable.

Please show very detailed step-by-step answers for 5 stars!!!! More written details the better, so that I may understand for my exam. If there is a cash flow diagram, please draw the diagram.