Based on information Below

• Be sure to write the formal report in 3^rd person (dont say we, I, our or us but rather use statements that talk about the company and the project from a factual, 3^rd person perspective.
• Be sure to address the point of this report to get the project teams support in staying on budget and controlling costs so the organization does experience the cash flows as they are projected.

	Year	0	1	2	3	4	5	6
	Sales		$8,000,000	$15,000,000	$16,000,000	$18,000,000	$10,000,000	$9,000,000
	variable cost		($2,400,000)	($4,500,000)	($4,800,000)	($5,400,000)	($3,000,000)	($2,700,000)
	Fixed Cost		($1,100,000)	($1,100,000)	($1,100,000)	($1,100,000)	($1,100,000)	($1,100,000)
	Depreciations		($4,400,000)	($7,040,000)	($4,180,000)	($2,640,000)	($2,420,000)	($1,320,000)
	EBIT		$100,000	$2,360,000	$5,920,000	$8,860,000	$3,480,000	$3,880,000
	Tax @ 35%		($35,000)	($826,000)	($2,072,000)	($3,101,000)	($1,218,000)	($1,358,000)
	EAT		$65,000	$1,534,000	$3,848,000	$5,759,000	$2,262,000	$2,522,000
	Depreciations		$4,400,000	$7,040,000	$4,180,000	$2,640,000	$2,420,000	$1,320,000
	after tax cash flows							$3,120,000
	Free cash flows		$4,465,000	$8,574,000	$8,028,000	$8,399,000	$4,682,000	$6,962,000
	Capital Expenditures	($22,000,000)
	Working capital	($3,000,000)
	PV factor 12.22%	1	0.891106755	0.794071248	0.707602253	0.630549147	0.561886604	0.500700948
	PV of cash flows	($25,000,000)	$3,978,792	$6,808,367	$5,680,631	$5,295,982	$2,630,753	$3,485,880
	NPV	$2,880,405
	IRR	16.13%