QUESTION 2 May you Read the case study scenario below and answer the questions based on the case study TJM Lid (TJM) is a company listed on the Johannesbury Securities Exchange (JSE) TIM is in the process of evaluating new projects to enhance their revenue growth. As the company is pharmaceutical based it is currently experiencing exponential growth due to the COVID crisis. Below is an extract of various information pertaining to the Vitamin D . . Processing Project The cost of the new project is R10million The revenue expected to be generated per annum is R6.5million The variable costs are expected to be penerated per annum is R2milion The fored costs are made up of the following Description Amount (R) Head Office Allocation Depreciation Rental space . 100 000 50 000 100 000 The rental space has been targeted for this project at a laboratory not on TJM's premises For the next 5 years the revenue is expected and costs are expected to increase by 8%. The net cash value from year 5 onwards is expected to remain the same The tax rate is 28% and the WACC rate is 15% The government has offered a specialised tax program whereby the first two years tax ability will only be paid in year 3. . Calculate the net present value and determine whether this project would be a viable option