Please give excel formulas

4. Chicago Turkey is considering a new turkey farm to service its western region stores. The stores currently require 650,000 turkeys per year, and they are pur- chased from various local turkey farms for an average price of $8 per bird. The managers believe that their new farm would lower the cost per bird to $7, while maintaining the average selling price of $12 per bird. However, due to the central- ized structure of this operation, shipping expenses will increase to $1.25 per bird from the current $1.00. The firm will need to increase its inventory of live turkeys by $45,000. It will cost $200,000 to purchase the land and $350,000 to construct the buildings and purchase equipment. In addition, labor expense will rise by $250,000 per year. The buildings and equipment will be depreciated using the straight-line method over five years to a salvage value of $100,000. After five years, the company will sell the farm for $300,000 ($100,000 for the buildings and equip- ment, $200,000 for the land). The firm's marginal tax rate is 25%. Note that land is not depreciable. Calculate the initial outlay, after-tax cash flows, and terminal cash flow for this project. If the WACC is 12%, calculate the payback period, discounted payback period, NPV, PI, IRR, and MIRR. a. b. C. Management is uncertain about several of the variables in your analysis and have asked you to provide three different scenarios. Salvage Value of Land Scenario Best Case Labor Expense $200,000 250,000 Salvage Value of Buildings $150,000 100,000 $300,000 200,000 Expected Case Worst Case 350,000 20,000 40,000 Create a scenario analysis showing the profitability measures for this investment using the information in the table above. (Note: The salvage value of the buildings is the actual forecasted salvage value, not that used for depreciation.)