Answer the question with the requirements please The formula you need to use you will find it in the 2nd picture

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 PVA-PAT. er.cp-4 Return on miested Capital - EBIT invested Capital Asset turner operating assets FVAdue - PMTX x(4+"pet-4-- (1+RY NPV E-IRR profit PV Aue - PNT X -- {1+ (open) BOE OT PX(R-R) ROCE net operating profir after tax het operating sets EBIT NOPAT MPAT ROA Total assets total assets total assets Cash flow to total de cash flow from operations total debe EBIT S-VC DOL 3 - VC- Cross profit margin-rous profit sales Met income to sales from continuing) operations Dividend yield- dividend per share price per share Earnings yield I share prior per share OFL ERITI DILDOLX OFE CPU total contribution total sales FC Break En CPU Current assets Current ratio Currenties Quick rette current arsets - Inventory current liabilities wentary tumor cost of sales sales intory Deltor period accounts receiveable sales/365 trade and other payables Creditor period cost of sales/365 sales Total Power operating assets debe Debat total assets total delit RR Share EVA - NOPAT-(WACC x invested Capital) Delete spuity cotal equity Raw material inwentary days (Rew material inventory/Purchases) 365 days . Work in progress inventory days (WIP inventory/Cost of Sales) x 365 days Finished goods inventory days Finished goods intry/cort of sales) x 365 days Debtors days (Debters/Sales) 365 days Creditors days - (Creditors/Purchases) * 365 days EBIT Times interest earned interest EBITDA coverage EBIT + depreciation + amortisation Interest sales Fixed asset to