Below is a summary of the estimates of a firm’s cash flow from a certain project with an initial investment of one million dollars.

a. complete the table below

	Year1	Year2	Year3	Year4	Year5
Sales	$1,000,000	$1,100,000	$1,210,000	$1,331,000	?
Less: Variable Cost	$500,000	$550,000	?	$665,500	$732,050
Fixed Cost	$150,000	?	$150,000	?	?
Depreciation	$200,000	$200,000	$200,000	?	?
Profit before tax	$150,000	?	?	?	$382,050
Less: incomes tax	$60,000	$80,000	$102,000	$126,200	?
Profit after tax	?	?	?	$189,300	$229,230
Plus: depreciation	?	?	?	$200,000	?
Net cash flow	$290,000	?	$353,000	$389,300	?

b. Calculate the NPV at DF = 12%

c. Calculate the PI

d. Briefly explain the answer to (b) and (c) above.