3. (12 points) A company is considering the possibility of building their production factory which will replace outsourcing contract with external company. It is estimated that the capital expenditure will amount to about 10 million PLN, of which approximately 7 million PLN will be amortized (the rest of the expenditure involves the outlay on the plot of land). The average depreciation rate will be around 5%. The outsourcing production costs to date were approximately 4 million PLN and analyses showed that with an increased range of operations, these costs will grow at a rate of about 5% per year. The analyses also indicate that the operational cost of own production, excluding depreciation and amortization, will amount to about 3 million PLN per year and will grow at an average rate of 3%. It is also assumed that after 20 years, in the case of some changes in the strategy, the whole factory can be sold for a price 25% above the initial capital expenditures. It is also anticipated that in the 5th and 10th and 15th year of the project there will be a need for replacement outlay in the amount of approximately 700 thousand PLN. It is also known that the company pays income tax on the level of 19 percent. The weighted average cost of capital (WACC) is 12%. Please estimate NPV, IRR, PP, MIRR assuming reinvestment rate on the level of 15% and knowing the new factory will allow the company to increase revenue about 200 thousands a year. Additionally, please prepare a sensitivity analysis assuming changes in costs of own factory.