Ignore the cost of market research ($5 million) and answer the following questions. A suggested solution format is attached. The colored cells need to be filled w/ appropriate figures. a. b. C. d. Prepare an income statement for the 5-year period. (Sales - Expenses - Dep. - Taxes = Net Inc.). 1. Find the cash flows for each year. Two ways to get annual cash flows. They give the same answer: Net Inc. + Dep. or [Revenues - Expense (all expenses, except Dep.) x (1- t) + Dep. x t] 2. The attachment shows the 1st definition of CFS: NI + Dep. Feel free to use the 2nd definition. What is the NPV? What is the IRR? If the manager decides to go ahead with X, what would happen, in theory, to the per share market price of Blooper's stock when the project is announced to the public