Calculate the Net Present Value (NPV) of this project?

Fragrance Galore investigated a third investment option at a cost of R1 800 000. The project has a 3- year lifespan and the assets are depreciated over the three years (straight-line method). An additional R175 000 in net working capital is immediately required and will not be required once the project is completed. The salvage value is 10% of cost at the end of the 3 years. The project will sell 12 000 bottles of perfume at R450 per bottle. The variable cost per bottle is R125 while the fixed cost is R250 000 per annum. The firm's required rate of return is 15% and the applicable tax rate is 28%. Use the following pro forma statement of profit and loss and the cash flow (CF) templates to assist you in answering the questions. To show a cash outflow, indicate a -R in front of your answer when entering it on the quiz. R Sales Total costs Depreciation EBIT (Earnings before interest and tax) Tax (28%) NI (Net income) Year 0 1 2. 3 09 Q9 Q9 OCF Change Q10 Q11 in NWC Capital 012 Q13 spending Q14 Total CFS Q15 Q15 Q16