$($a$)$ You are the financial manager of a very profitable firm, which is currently evaluating

a new, large investment project at the start of $2020.$ The project involves the acquisition

of a plant, which requires an initial outlay of $300$ million. The project$$s investment

horizon is six years. Over this period, the initial capital investment in the plant should

be fully depreciated. Despite this, it is expected that at the end of the project $($after six

years$)$ the taxable salvage value of the plant will amount to $50$ million. The project

requires an initial $($at the start of $2020)$ working capital investment of $30$ million, which

should be recovered in full at the end of $2025.$ Your accountants have put together the following projections on expected sales and cash flows, and information on the cost of capital of the company: