Considering the option to build the smaller facility: a. b. G. How should the capitalized R St D expense be handled? That is, what amount should be included in the blanks shown in Table 2 for R & D expense? What value for land should be included in Year 0 for the project? What terminal value should appear in Year 12? Complete the schedule of cash flows given in Table 2. The appropriate rates for MACRS depreciation are given in Table 3. What is the correct discount rate to use for this project? Compute the net present value, internal rate of return, and payback periods. What alternatives are available to the Semiconductor Division regarding the land? Evaluate them. What action should the Semiconductor Division take