A group of friends decides to create a company. To do this, they must invest in land valued at 10,000,000 euros, in facilities valued at 6,000,000 euros and in a certain working capital. With these assets, receipts for product sales of 12,000,000 / year are generated, with the following payments for operating expenses, which can be considered constant over time: raw material: 4,000,000 / year; labor: 1,000,000 / year; general expenses: 2,000,000 / year.

We also know that:

- The facilities are amortized in accounting and fiscal terms in 3 years on a straight-line basis.

- Average period 36 days and year 360 days.

- The weighted average cost of capital after taxes will be 10%.

- The tax rate will be 30%.

- The company plans to liquidate at the end of the third year, with the sale price of the land being 12,000,000 euros, that of the facilities being 1,000,000 euros and the working capital is fully recovered. With these data, you want to know the capital invested (including the need for current assets), the financial dimension of the investment, the net present value of the investment and the internal rate of return of the project (use the IRR function of Excel). Work in thousands of euros and suppose that the income and cash flows coincide.