Projected expenditures and revenues for a new facility are given below: Sales revenues = 200x106 TL/year Fixed capital investment = 350x106 TL (First year investment of the project is 190x106 TL, second year investment is 160x106 TL). Land cost = 10x106 TL; Scrap value = 10x106 TL; Working capital = 50x106 TL Production cost (COMd) = 50x106 TL/year; Taxation rate = 40% Project lifetime: 10 years after commissioning. The facility is put into operation at the beginning of the 3rd