Alaska Pty Ltd (Alaska) is considering to invest in a new project which will require an initial investment of $2,500,000. This capital will be depreciated over five years using straight-line depreciation toward a zero salvage value. Estimated additional net operating income for year one is $5,000 which will be increased by 10% each year. This investment requires 3% additional working capital each year of the additional EBIT for years 1-4 which will be liquidated in year 5. a) If Alaska faces a 30% tax rate, what expected project FCFs for each of the next five years will be resulted from the investment in this new project? (1 mark for each correct project FCF) 5 Marks b) If Alaska uses a 7% discount rate (WACC) to analyze its investments, what is the project's NPV? Should the project be accepted? Why? (1 mark for NPV, 1 mark for decision, 1 mark for a well explained reason). 3 Marks c) If for an investment opportunity WACC