Hamlin Plcs profits next year are expected to be 60 million. Analysts believe there will be scope to reinvest 50 per cent of profits next year on new projects, but in the following year investment is more likely to be around 30 per cent of profits. Reinvestment opportunities after three years are not likely to account for more than 20 per cent of profits. It is expected that the reinvestment of profits will remain at 20 per cent indefinitely into the future from year four onwards. The internal rate of return on new investments is expected to be 30 per cent next year, 25 per cent the following year, and 15 per cent in year three. The rate of return in year four onwards is likely to be around 15 per cent. The opportunity cost of equity capital for the company is 15 per cent. a) Prepare a schedule of incremental earnings, net present value from investment projects, total earnings, and dividends for years 1 to 4.( On paper, No use of excel)