I NEED PARTS D, E, AND F. I DID THE REST. THANK YOU!!

Billingham Packaging is considering expanding its production capacity by purchasing a newmachine, theXC-750. The cost of theXC-750 is $2.79 million.Unfortunately, installing this machine will take several months and will partially disrupt production. The firm has just completed a$45,000 feasibility study to analyze the decision to buy theXC-750, resulting in the followingestimates:

Marketing: Once theXC-750 is operational nextyear, the extra capacity is expected to generate $10.10 million per year in additionalsales, which will continue for the10-year life of the machine.

Operations: The disruption caused by the installation will decrease sales by $5.02 million this year. As withBillingham's existingproducts, the cost of goods for the products produced by theXC-750 is expected to be 75% of their sale price. Theincreased production will also require increased inventory on hand of $1.11 million during the life of theproject, including year 0. HumanResources: The expansion will require additional sales and administrative personnel at a cost of$2.09 million per year. Accounting: TheXC-750 will be depreciated via thestraight-line method over the10-year life of the machine. The firm expects receivables from the new sales to be 15% of revenues and payables to be9% of the cost of goods sold.Billingham's marginal corporate tax rate is 35%.

a. Determine the incremental earnings from the purchase of theXC-750. b. Determine the free cash flow from the purchase of theXC-750. c. If the appropriate cost of capital for the expansion is 9.8%, compute the NPV of the purchase.

d. While the expected new sales will be $10.10 million per year from theexpansion, estimates range from $8.05 million to$12.15 million. What is the NPV in the worstcase- 8.05 mil ? In the bestcase?- 12.15 mil

e. What is thebreak-even level of new sales from theexpansion? What is the breakeven level for the cost of goodssold?

f. Billingham could instead purchase theXC-900, which offers even greater capacity. The cost of theXC-900 is $3.91 million. The extra capacity would not be useful in the first two years ofoperation, but would allow for additional sales in years 3 through 10. What level of additional sales(above the $10.10 million expected for theXC-750) per year in those years would justify purchasing the largermachine?