A project has a 3-year economic life, and entails an initial investment of 500 million in plant and machinery, which are expected to be worthless after year 3. The project's opportunity cost of capital is 5%, and the tax rate is 30%. (20 points) Assume that the project uses a straight-line depreciation schedule and the initial investment will be fully depreciated from yrar 1 to year 3. Fill out the blanks in the worksheet below and compute the project's NPV. (There are more than you need.) Year 0 1 3 Capital investment 30.0 D aa D. Working capital 00 10 0.0 Sales 0.0 20.0 sa. an. Cost of goods sold 0.0 10.0 2016 30.0 Fixed costs 00 15.0 15.6 15.0 Armed cash krw PV of annual cash low NPV What's the present value of tax savings from depreciation under the straight-line schedule? What's the present value of tax savings from depreciation under an accelerated depreciation schedule in which 60% of the initial investment will be depreciated in ycar 1, 20% in year 2 and 10% in year 3? What's the project's NPV under the accelerated depreciation schedule in particl? Hint. Male use of your answers to parts bandic