2.3 Masuku Ltd is evaluating a 5-year project with an operating (before tax) profit of R100000 in the first year. The annual profit is expected to increase by 8% per year over the life of the project. The initial cost of the investment is R 900000 . From year 1 to year 5 , depreciation of R200 000 will be considered. The company's WACC is 15% and a tax rate of 28% applies. Required 2.3.1 Determine the operating cash flow for this Project. 2.3.2 Determine the viability of the project using the NPV analysis