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Please help using excel for all 5 parts Tennessee Whiskey is a U.S. producer of alcoholic drinks. The company is evaluating opening a new distillery

Please help using excel for all 5 parts
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Tennessee Whiskey is a U.S. producer of alcoholic drinks. The company is evaluating opening a new distillery in Scotland for serving the British market. The project will last four years, after which the distillery will be sold. The company has estimated the following data: - Initial investment required: 80 million - After-tax salvage value in year 4:48 million - Annual depreciation: 8 million - British income tax rate: 26% - Fraction of after-tax income remitted to parent: 100% - Withholding tax rate imposed by Britain: 0\% - Stock beta: 0.7 - Bond interest rate: 4% - Target capital structure: 90% equity and 10% debt - U.S. tax rate: 21% - Treasury bond yield: 2% - Expected return on the S\&P 500: 5% The company expects the following revenue, costs, depreciation and exchange rates: What is the free cash flow to the subsidiary in year 3 , including the after-tax salvage value of the distillery (in \& million)? Part 2 Attempt 4/10 for 10 pts. What is the free cash flow to the parent in year 3 (in \$ million)? Part 3 Attempt 1/10 for 10pts. What is the cost of equity? Part 4 Attempt 1/10 for 10 pts. What is the weighted average cost of capital? Part 4 Attempt 1/10 for 10 pts. What is the weighted average cost of capital? Part 5 Attempt 1/10 for 10pts. What is the NPV of the project (in \$ million)

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