i need a solution for this without using excel please

b. Calculate the NPV of the project and discuss your results (25 MARKS) 1. The Boomerang Compoy is evaluating the proposed acquisition of a new milling machine. The machine's base price is $20,000. The machine will be depreciated straight line to rero for over its 4 years tax life and afterwards it will be worthless Use of the new machine require an increase in net working capital. According to the predictions net working capital requirement of the investment is 10% of capital outlay and this will increase by 5% per year. The project is estimated to generate $40,000 in Net Sales with 5x annual Increment. Operating cost is expected 60% of Net Sales, Boomerang's marginal tax rate is 0.40 and WACC I0.10. a. Calculate FCF of the project by using the template below. (SO MARKS) 0 1. NET SALES 40.000 c. Calculate the IRR of the project and discuss your results (25 MARKS) Operating Cou Depreciation EBIT Tax 40% NOPAT Depreciation OCF 0 (20,000) 0 0 Capital olay NWC Delta NWC FREE CASH FLOW