1. Calculate the Weighted Average Cost of Capital (WACC) for the project. Hint: Use dividend capitalization model (constant growth model) to calculate cost of equity. 2. Determine the investment cost of the project 3. Prepare the projected income statement for each of the five years . Determine the relevant cash inows of the project for each of the five years . Determine the relevant cash outflows of the project for each of the five years The project's net cash flows for each of the five years are as follows: . Evaluate the feasibility of the project using a. Payback period method where the acceptable time limit is 2 years b. NPV c. IRR