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Please complete in Excel and show work! Thank you! I will upvote when answered A firm plans to produce and sell a new product for

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Please complete in Excel and show work!
Thank you! I will upvote when answered
A firm plans to produce and sell a new product for 5 years. First year sales of this product are expected to be 200,000 units and sales are expected to grow at 3% for years 2-3 and then at 4% for years 4-5. Selling price per unit of the product is $30 and variable operating costs are $8 per unit . The product will have fixed operating costs of $350,000 a year for the first 3 years and then $500,000 per year for years 4 and 5. The firm will also need to purchase some new equipment for $8 million in order to produce this product. This equipment has a five-year life and salvage value of $2 million. The firm uses straight-line depreciation, and its tax-rate is 35%. The new equipment that is purchased will be financed at a rate of 8% per year. Test marketing costs of $400,000 for the new product were incurred last year. The new product is also expected to reduce sales of one of the firm's existing products by $320,000 per year. The cost of capital (the required return) on this project is 10 percent. Required: (a) Set up a data table and then calculate the expected cash flows for the project. (b) Find the NPV, PI, IRR of this project. (c) Conduct a sensitivity analysis varying the NPV over discount rates starting from 3% and going up to 30%, increasing the rate by 3% each time. Graph the NPV against the discount rates. (d) What starting level (first year) unit sales will be needed to obtain an NPV of $2 million

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