Ackbone Co is considering a potential project with the followin forecast now T T T Initial investment $million $(1000)$ Disposal proceeds $200$ DEmands $($millions of units$)5106$ Initial investment will be made on the first day of the new accounting period The selling price per unit is expected to be $$100$ and the variable cost $$30$ per unit. Both of these figure are given in today's terms. The tax and depreciation is available at $25\%$ reducing balance method and corporation tax is payable at $30\%$ per annum. Corporation tax is $.$paid in two installments, with half the tax payable in the year in which it arise $,$ and the balance paid in the following year. The company has a real required rate of return at $8\%.$ Genera inflation is predicted to be $3\%$ p$.$a but the selling price is expected to inflate at $4\%$ and the variable cost by $5\%$ p$.$a $.$ Calcute the NPV of the project