Ahmad is an employee in the Bank of Palestine. Ahmad can take a loan at 8%. He is thinking to buy a Taxi to improve his income. Intend to buy a Taxi. Ahmad Collect the following information. Car price is 150,000 Shekel. Ahmad has to pay 80,000 sheqel to buy a Taxi number . The following is the yearly cost that Ahmad will incur : license cost 800 Shekel, yearly insurance 5000 Shekel. Ahmad has to pay a yearly Tax: 1200 Shekel . Solar 1500 monthly (1500*12 yearly ); Ahmad needs to employ a driver. Ahmad has to pay 3000 sheq monthly (36000 yearly). Monthly Income is expected to 7000 (7000*12 yearly). The Taxi will depreciated over 10 years. Ahmad think that he could sell the car-After 10 years- for 30,000; and the number for 20,000 sheq 1. Prepare an income Statement an income Statement 2. What is the yearly Free Cash Flow 3. Calculate IRR- What is the meaning of the number 4. Calculate the NPV- What is the meaning of the Number 5. Do you think its a good to buy a TAXI 6. Ahmad convince his Friend Reyad to buy a Taxi. Reyad is a an employee in PALTEL. The Arab Bank told Reyad that he will lend him at 12%. Should Reyad buy a Taxi. Explain Why?