a. The figures of depreciation and profit before tax that OY Company can obtain from an investment project that requires an investment expenditure of 600 million TL with an economic life of 4 years are as follows. Calculate the net cash flows expected by the firm, which uses the straight-line depreciation method and is subject to 25% tax, from the investment over the years.

Years	EBIT (TL million)
1	150
2	300
3	350
4	350

b. Calculate the discounted Payback Period (IEGS) for the investment, assuming that the cost of capital of the above OY firm is 20%. (The cash flows you calculated in question a. should be used, NPV discount rates are given.)

Years	NPV discount rate
1	0,833
2	0,694
3	0.579
4	0.482

c. The last dividend distributed by MT A.. is (Do) 0.60 TL, the expected growth rate in dividends forever is 2% and the current market value of OY shares is 4 TL. What is the equity cost of OY A.?

d. If the equity beta of EK A.. is 1.6, the risk-free interest rate is 5%, and the market risk premium is 2%, what is the cost of equity? e. The profit distribution policy of a company that currently owns 20,000 shares and whose capital structure is 40% debt 60% equity is to distribute 80% dividant. The growth rate is 4%, the debt interest rate paid by the company is 40%, and the amount of debt this year is 8,000,000 TL. The tax rate is 30%, the present value of the company's stock is 5,000 TL. and the current dividant amount is 2.500 TL. Accordingly, find the cost of debt financing and equity financing separately. Calculate WACC.