Quixotic Enterprises is about to embark on another venture. Poncho Sanchos, the faithful financial analyst, once again will examine the viability of this venture after 31 failures. A number of windmills are to be constructed on the southern frontier to generate electricity. They will cost $347000 and will last 9 years, at which time they will have an estimated salvage value of $20,000. However, a capital upgrade of $107.000 will be required at the end of five years. An inventory of spare parts (working capital) amounting to $9,000 will be required during the term of the venture and will be housed in a warehouse that is currently not being used, but which has been used for Quixotic's previous ventures. The warehouse could be rented out at $4,000 per year. This enterprise is expected to generate cash from the sale of electricity of $159,000 a year for 9 years. Cash expenses for each of the 9 years will be $10,000. The company's tax rate is 24 percent, the CCA rate is 6 percent and the cost of capital is 18 percent. Requirements: A. Calculate the Net Present Value of the Windmill venture by completing the table below: /You need a number for every cell in this spreadsheet.) Requirements: A. Calculate the Net Present Value of the Windmill venture by completing the table below: (You need a number for every cell in this spreadsheet.) Event Expected Cash Flow After-tax Cash Flow Present Value Enter cash receipts as positive numbers. cash payments as negative numbers. Round all your answers to zero decimal places. Inital Investment 347000 0 347000 Working Capital 9000 0 9000 Revenues 159000 Expenses Opportunity Cost Capital Upgrade Salvage Working Capital Revcovery CCA Tax Shield N/A NIA NA NA Net present value B. It's not worth any marks, but it helps with the marking: what number did you use for (Cpv - Spv)? "Enter your answer as a positive number (Click to select) C. Should Quixotic dream the impossible dream and invest in the Windmill venture