Question 3 (15 marks): Condott Corporation is considering a new project with an initial outlay of $200 million that will result in expected additional revenue of tf40 million per year. The project will incur annual maintenance costs of S10 million and will last indefinitely. The effective tax rate on Condott's profits is 30%. Condott's capital structure is 30% debt and 70% equity, which is the same proportions it would use for the new project. Its debt is riskless with an interest rate of 8% per year. a. What is unlevered expected cash flows from this project? (S marks) b. Is the required rate of return on unlevered investments is 10% per year, what is this project's NPV? (S marks) Use the APV method to find the NPV of Skippy's project. (S marks)