2] 3} 5} 5} 3} To obtain the latest financial statements of Novo Nordisk AIS, look at the XL le provided. Novo has decided that investments in the production facilities should be depreciated with the straightline method over the life of the project. Determine the amount of depreciation each year. Calculate the corporate tax rate that Novo paid for the last financial year. Calculate the unlevered net income for the years 0 to 3. In years 1 to 3 the inventory, the receivables, and the payables will be the same proportions of C065 and sales respectively as in the last nancial year. Assume that the project requires no cash to be held for security reasons. Find the net working capital {NWC} for the project for each year 1 to 3. Also find the change in the NWC assuming the project is terminated in year 3 and that net working capital has to be settled in the year after the project ends. Calculate the free cash flows [FCF} for years {1' to 4. Find the net present value of the project assuming that the cost of capital for Novo is 12%. Should NDVD invest in the new diabetes drug? What is the IRR of the project