A project's initial investement is $200,000 stright line line depreciated to $20,000 salvage value over a 5 year life. Projected sales: 2500 units @ $88 / unit, variable cost: $50 / unit, Fixed costs (excl. depr): $30,000 per year. Compute OCF per year, IRR, NPV with WACC of 12%, payback period, MIRR with reinvestment rate of 10%, Equivalent Annual Annuity (EAA) of the project at 12% WACC?

	Any Year (1 to 5)
Sales
Variable cost
Fixed Cost
Depreciation
EBIT
Tax @ 30%
Net Income
OCF

(Answers are OCF = 56,300per year; IRR = 14.7%; NPV = $14,297; Payback = 3.55 yrs, MIRR 11.04%; EAA = 3,966) Can you explain how to get these answers without using excel