(a) (12 points) You have been assigned the task of determining the net cash flows, NPV, and IRR of the proposed regional airline. To conduct the required analysis, refer to the financial statements provided in the accompanying worksheet. Use the data for FY 2021. Provide a forecast of free cash flows for the expected life of the project. For each year, derive free cash flow using the formula: C =NI ICCA- ANWC- KExp = (1- T )(R- E- CCA)+CCA- ANWC- KExp In the worksheet, show your derivation of the NPV and IRR of the project. In the worksheet, express all monetary amounts (in millions of dollars) to two decimal places. Note that, while the project is evaluated on the basis of a five-year operating life span, the incremental tax flows beyond five years should be included in any NPV and IRR. calculations. Hint : Carefully consider depreciation and depreciation tax shields when identifying the number of columns to include in the workshoot