Possible investment projects CFs are shown below. Assuming appropriate discount rate of 12% (all equity financed), would you recommend this investment based on NPV and IRR metrics? How these metrics would change if 25% debt financing were used? Cost of debt is 4%, assume to tax shield for the CFs. (Hint: find leveraged NPV and IRR).

Year 0 Year 1 Year 2 Year3 Year 4 Year 5

CFs -200 35 40 50 100 130

Please show all work