Il Compute the NPV and IRR of the project for project acceptance at 10% hurdle 8. The president of Cook Airlines has asked you to evaluate the proposed acquisition of a new jet. The jet's price is Rs 40 million, and it is depreciable @ 20% WDV. The purchase of the jet would require an increase in net working capital of Rs 200,000. The jet would increase the firm's before-tax revenues by Rs 20 million per year but would also increase operating costs by Rs 5 million per year. The jet is expected to be used for three years and then sold for Rs 25 million. The firm's marginal tax rate is 40%. Compute the following: i) Net incremental cash flows for the project ii) Compute the NPV and IRR of the project for project acceptance at 10% hurdle