Please provide each step of the calculation. Based on the result, How to calculate PV, NPV with Texas BAII Plus? with steps of using Texas BAII.

CLOTHING CASE A Company (CLOTHES), specializing in the manufacture of clothing, plans a major investment project by the end of Year N. The management of the company has studied the recent estimates of costs and prospects. Questions tusing the appendices !: 1. Calculate the cost of capital of clothes Company. 2. From the rst estimates of investment characteristics, determine the project's protability (NPV, IRR). The risk of the project is the same as the rm risk. Appendix 1: {project data! The managers have the project to install, from the end of year N, an entirely new process for manufacturing all types of textile. Stemming from its research laboratory, this process allows a wide range of colors with great application exibility and would be an opportunity to create a new clothing line. The leaders want to recoup their investment after ve years. The cost of the operation is estimated at K37,000 including: Research and development expenses K3,200, Coloring equipment K33,800. We will use the straightline depreciation method over ve years for the research and development and for the dyeing equipment. The market value of the coloring equipment at the end of the fth year, is estimated at K2,706 before taxes. Sales forecasts for the new line: 230 000 pieces in the rst year, 30% increase in the second year, 15% the third year, 1% in the fourth year, 10% reduction in year five. Sale price of one piece: 490; it is constant over the entire period. Unit variable cost: 400 the rst year and must decrease by 0.5% per year during the first two years and stabilize the last two years. Fixed costs, excluding depreciation, are assessed at K3,100 per year. The working capital represents seventy-five days of sales. The corporate tax rate is 33 1/3%. It will be assumed constant over the entire period. The operating cash ows will be considered as being realized at end of period, while an investment and constitution of working capital are frontloaded. Appendix 2. Information on the project's discount rate Clothes's capital structure is as follows: 2/5 for equity and 3/5 for debt. The current cost of debt is 6.6% (before the tax rate of 33 l/3%); the equity is estimated at 12%