3. You are interested in starting a new business producing phone cases and need to decide if the projected profitability of the business is a wise investment. Using the below information generate a: a. Proforma Income Statement, b. a Cash Flow From Assets schedule c. Net Present Value of the business d. the IRR. $13 Estimated Sales 25,000 phone cases Sales Price per phone case Cost per case $8 Estimated life of product 4 years Annual Fixed Costs $36,000 Initial Equipment Cost $125,000 100% depreciation over 4 years Initial investment in NWC $30,000 Tax Rate 20% Cost of Capital 18%