7) Answer next four questions based on following information. Jameson Electronics Co. is considering new investment project of opening new distribution center. This project requires initial investment $400,000, and annual depreciation is $80,000. Annual CAPEX (capital expenditure) is $20,000 more than depreciation. The project will start with net working capital of $20,000, and its annual increases are given in the table. Other cash flow related information is given in the table. The firm and this project are both 100% equity financed, and the cost of the capital 12%. Tax rate is 30%. 0 2 100,000 105.000 110.250 115,763 EBIT Taxes (30,000) (31,500) (33.075) (34,729) Net income 70,000 73,500 77.175 81,0341 Depreciation 80.0001 80,000 80,000 80,000 CAPEX (400,000)|(100,000) (100,000)|(100.000)|(100.000) Increase in net working (20,000) (1,000) (1,100) (1.200) (1,300) capital 7-1) if the terminal value of the project is 3 times the EBITDA of the 4" year, how much is the terminal value of the project? 7-2) How much is the net present value of this project with the terminal value derived in previous question? 7-3) If the terminal value of the project is calculated with Gordon growth model with growth rate of 3%, how much is the terminal value of the project? 7-4) How much is the net present value of this project with the terminal value derived in previous