Answer the question with the requirements please And use one of formulas in the 2nd page Thanks

QUESTION 1 [10] HB Ltd is evaluating a new 3-year project at a cost of R20 million which is expected to result in an increase in sales revenue of R15 million in the first year, R20 million in the second year and R10 million in the third year. The company expects operating costs to be 60% of sales revenue. The company will need to invest R4 million in working capital at the beginning of the project which is recoverable at the end of the life of the project. The residual or market value of the project at the end of Year 3 is expected to be R12 million. The required rate of return is 12%. Assuming no taxation, what is the project's NPV? What is the project's IRR? PVA-PMT. -Pur. 100 FVAPUT Return on invested Capital Eisted Capit Asset sales operating assets FVAL = Parx [(4+] ** - --- NPV- -1 (1+y NPV-E-IARR PV Aue - PMTX --{"Coubres torta PX (R, RY OT S-VC DOL S-V ERIT DFL- ERITI DTI - DOLX DFL total contribution total sales FC equity ROCEt operating profit after tex net operating assets KIT NOPAT NPAT ROA total assets total assets totalsts Cash flow to total de cash flow from operations total de Net operating profit margin sales Net profit margin- Beef Gross profit margin- profit sales Met income to see it from continuing operations dividend per share Dividend yield- price per share Earnings yield carnir share price per share Price-norings ratio price per share marg per share CPU- Break Encre Current ratio current assets current lights Quick ratte current assets inventory current liabilities Inventory turnover cost of sales sales story inventory Deltor period counts receivable sales/365 trade and other payables Creditor period cost of sales/365 sales Total se in operating assets debe Debt ratio totales total debet Debt to quity EVA - NOPAT - (WACC invested Capital) Raw material inventory days Raw material inventory/Purchases) * 365 days Work in progress inventory days (WIP inventory/Cost of Sales) * 365 days Finished goods inventory days Finished goods inwentary/Cost of sales) x 365 days Debtors days (Debters/Sales) x 365 days Creditors days = (Creditors/Purchases) x 345 days EBIT Times interest earned interest EBIT + depreciation amortisation EBITDA coverage Interest sales Faxed asset to fixed assets