The Best Manufacturing Company is considering a new investment. Financial projection for the investment are tabulated here. The corporate rate tax is 34%. Assume all sales revenue is received in cash, all operating costs and income tax are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Year 1 Year 2 Year 3 Year 4 Year 0 Rs.16,000 Investment Sales Revenue Operating Costs Depreciation Net working capital spending Rs.8,000 Rs.1,900 Rs.4,000 250 Rs.9,000 Rs.2,000 Rs.4,000 300 Rs.9,500 Rs.2,200 Rs.4,000 200 Rs. 2,000 Rs. 1,700 Rs.4,000 ? 200 Required: a) Compute the incremental net income of the investment for the year. (5 marks) b) Compute the incremental cash flow of the investment for each year (5 marks) c) Suppose the appropriate discount rate is 12 percent. What is the NPV of the project? (10 marks)