Peach Computer Ltd. is planning to embark on a new project. The project cost is RM2.3 million, which 40% is to be spent on fixed asset purchase and installation. The asset will be depreciated using MACRS 5-year convention. Sales revenues of the project is as follows:

Year	1	2	3	4	5
Sales Revenues	RM 1,750,000	RM 1,800,000	RM 1,250,000	RM 1,000,000	RM 700,000

The cost of production is 35% of the sales revenues, interest expenses is for RM30,000 annually, and company's tax rate is 24%. The fixed asset is expected to be sold for RM25,000. The cost of capital for the project is 5.5%.

Complete the assessment.

1. Depreciation expenses for Year 2 is RM____________.

2. Accumulated depreciation in Year 4 is RM_________.

3. Book Value in Year 5 is RM___________.

4. Gain or Loss in Disposal is RM___________. Note: If Loss on disposal include minus sign, e.g. -10000

5. Year 1 EBIT is RM___________.

6. Year 1 Operating Cash Flow is RM___________.

7. Year 2 production cost is RM_________.

8. Year 2 Operating cash flow is RM__________.

9. Year 3 EBT is RM__________.

10. Year 3 Operating cash flow is RM__________.

11. Year 4 Tax is RM__________.

12. Year 4 Operating cash flow is RM__________.

13. Year 5 Net Tax is RM___________.

14. Year 5 Operating cash flow is RM__________.

15. Assess if the asset was sold for RM300,000 in Year 3. Calculate the amount of the after tax cash inflow. RM_____________.

16. Total PV of the project is RM__________.

17. The NPV of the project is RM_____________.

18. IRR of the project is ______%.

19. MIRR of the project is ________%.