PROBLEM.CAPITAL INVESTMENT DECISION Globalco Investments Canada is planning to invest in the production electrical control switches in France. The corporate planning Department has come up with the following information Project has a life of 4 years and expected to commence from 2021. Globalco has a cost of capital of 15%. Using NPV method, find out whether the project is acceptable. SEE SHEET 2 OF THE EXCEL FILE Heads YEAR 2021 2022 2023 2024 Total Revenue (GROWS AT 10% every C220,000,000 year) Total Variable Costs (GROWS AT 2% every 150,000,000 year) Total Fixed Costs (GROWS AT 2% every 12,000,000 year) Non-Cash Expenses (D&A) 2.000.000 2.000.000 C 2.000.000 C 2,000,000 Interest Expenses C 800,000 800.000 800.000 CO Host Government Taxes 3096 30% 30% 30% 109 10% 10% 10% Witholding Tax on Funds Remitted to Parent SPOT FX rate (Euro appreciates by 2% every year) CAD 1 euro 1.5232 EURO Initial Investment in 2020 100.000.000