1. Question #1 - [10 marks! 0 Using the above projections and the template in Appendix A build a Pro-forma Income Statement for each year of the Project. 0 In the template below the Income Statement calculate the Operating Cash Flows and Total Cash Flows for each yeah 2. Question #2 - [10 marks! Using your initial investment and Total Cash Flows from Question #1 calculate the following for the Project. a. Net Present Value b. Payback (Breakevenj c. Discounted Payback (Breakeven) d. Internal Rate of Return e. Protability Index The company can borrow at 5% for the initial purchase of the equipment. Question #3 [10 marks 300-500 words} Based on questions 1 & 2 above, and the following management benchmarks, comment on whether the company should move forward with the Project. What other things might you consider in making your decision? Management Benchmark a. Net Present Value Positive b. Payback (Breakeven) 20% e. Profitability Index > 1