a) A company specialized in manufacturing small kitchen appliances is planning to start a new project to manufacture a modern toaster. The feasibility study showed that the company can sell 24,000/year toasters starting from Y1Q4 for 3 years of production. The company plans are to double their production and sales starting Y4Q4 till Y6Q4. Calculate the NPV of this project if: The development cost is $120,000 every 3 months for 9 months. To double the production in Y4Q4, an additional development cost of $300,00 is paid in Y4Q3 Sales price $18/ unit Manufacturing cost is $8/unit Assume production ramp-up expenses is $25,000 in Y1Q3 Ongoing and marketing support costs is $1,500 per month starting Y1Q3 till Y4Q3 and $2000/month from Y4Q4 till the end of the project (end of Y6Q4). Discount rate is 10%/year (10 Marks) Page 11 of Note: Create the solution using Excel; DO NOT USE ANY PREVIOUSLY CREATED EXCEL SHEET(s) FROM ASSIGNMENT (s), ANOTHER TEAM MEMBER etc.; Upload the Excel file separately to Moodle using the naming convention; NPV_ [last name, first name) [ID#] NPV = period cash flow = penods (1 + discount rate) period