1) You have developed the technology to use gold to produce high capacity fiber optic switches. The technology has cost $ 2.5 million to develop. You need $ 25million of initial capital investment to start production Sales of the switch sales will be $10 million per year for the next 5 years and then drop to zero. The main cost of production is gold. Each year, you need 10,000 ounces of gold. Gold is currently selling for $250 per ounce. Your supplier thinks that the gold price will appreciate at 5% per year for the next 5 years. The cost of capital (the discount rate r) is 10% for the fiber-optics business. The tax rate is 35%. The capital investment can be depreciated linearly over the next 5 years. a. Calculate the after-tax cash flows of the project. Show your work. b. Should you take the project