Consider a project that costs $400 in R&D costs today (t-0) and generates $300 in revenues next year (t-1). After that, revenues grow at 4% per year for the next five years (until and including t-6). In addition, there are initial capital investments of $200 today. Use straight line depreciation between years t-1 to t-6, inclusive. The tax rate is 30%. 5. Create a spreadsheet with revenues, costs, depreciation, taxes, after-tax operating income, capital expenditures and cash flows. At a discount rate of 9%, use the "spreadsheet" method to calculate the NPV of the project. Should you invest? Now assume that after year t-6, cash flows grow at a rate of 2% in perpetuity, that is CFe+1 = (1.02) CF, for years t = 6,7,8, what is the value of the project's continuation value (CV) in year t-6? What is the NPV of the project when we include this CV? a. b