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 $$463,000$ and will last $11$ years, at which time they will have an estimated salvage value of $$29,000.$ However, a capital upgrade of $$101,000$ will be required at the end of five years. An inventory of spare parts $($working capital$)$ amounting to $$10,000$ 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 $$6,000$ per year.

This enterprise is expected to generate cash from the sale of electricity of $$150,000$ a year for $11$ years. Cash expenses for each of the $11$ years will be $$10,000.$

The company's tax rate is $22$ percent, the CCA rate is $8$ 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.$)$

$\backslash$table$[[$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,,,,,$],[$Working Capital,,,,,$],[$Revenues$,,,,,],[$Expenses$,,,,,],[$Opportunity Cost,,,,,$]]$