C asu.instructure.com/courses/7221... N Paused Updat pps citi Citibank Online > Chase Online Discover Twitter Su Finance Major Map e last question, you can upload any additional calculations you like. Please make it legib ndicate to which question your calculations refer. These will give you some partial credi no guarantees). Question 1 25 pts Solar Energy Corp. has to value a project that will run for 3 years. The company has already spent $10 million on research and development associated with the product. It is expected that the project will generate sales of $200 million per year The fixed costs associated with this project will be $100 million per year. In \\dition, the company will need to make investment into its net working capital, with initial investment of $40 million (made in year 0), then an investment of $20 million/year for the next two years (years 1 and 2). The total investment in NWC will be recovered in the last year of the project's life. The equipment necessary for the project will cost $210 million and will be depreciated in a straight line manner to zero value over three years starting from year 1. Solar Energy has a marginal tax rate of 20% and an average tax rate of 10%. A. Calculate the Unlevered Cash Flows from a project in years 0, 1, 2, and 3. B. Calculate WACC, using the fact that cost of equity is 20% and cost of debt is 5% and E/D=1 C. Find the firm value using WACC method