Let's now look product at $11\mathrm{.}2$gtbest the present $$20$ millot or cash outflow of the project years Part gives the project's annual projected profit ched statements of incomes and cash flows project's five$-$year cash flow forecast $($the cash inflows and cash Part C shows the project's Part O gives the overview mach year$)$ outflows Tahle Gauging Project A$.$ The project RAD Other Net working capital Total capital employed B$.$ The projected stateme income Profit $ $50\mathrm{.}000375,000$ $$10,000690\mathrm{.}000$ $$150,000850\mathrm{.}000500\mathrm{.}000500\mathrm{.}00052,000,000$ C$.$ Projected statements of income and cash flows Year Revenue Cost of sales Gross profit Distribution and administrative expenses Profit before CCA CCA Profit before taxes Income tax expense $(50\%)$ Profit for the year Add back CCA Cash flows $124$ $$1,300$ $$1\mathrm{.}700(600)(700)(990)$ $$2,415$ $$3,000(1240)$ $$3,700(1\mathrm{.}560)700(350)1,000(400)1,4251,7602\mathrm{.}140(500)(600)(650)3506009251,1601,490(250)100(200)(175)4007501$:$0201,380(50)50(200)(375)(510)(690)200375510690250200175140110$ $$300$ $$400$ $$550$ $$650$ $$800$ D$.$ Projected cash flow $(000$s$)$ Year Assets Working capital $012345$ $$(1,500)$ $$(250)300400$ S$(250)$ Pro$-$forma cash flow $$5505650$ $$800$ Sale of assets $300$ Recovery of working capital $500$ Total cash flow $$(1,500)$ $$50$ $$150$ $$550$ $$650$ $$1,600$Calculate the project's Net Present Value. $(2$ marks$)$Calculate the project's approximately Internal Rate of Return. $(2$ marks$)$Should Management approve this decision? Why or why not? $(2$ marks$)$