The following information is available for Solar Berhad.

		Year 1	Year 2	Year 3	Year 4
Annual Sales (unit)		63,000.00	increase year-on-year by 10%
Price		RM 38.50
Production cost		42% of sales price
Annual Fixed cost		RM 494,000.00
Depreciation exp
Tax rate		28%

• The fixed asset of the company with NAV of RM1.2 m, is being sold at the termination of the project for RM 1.5 m.
• The cost of capital is 6.30%
• The initial outlay is RM2,400,000

1. Calculate the recognized cash flow from disposal of asset. RM_________.

2. Operating cash flow (a.k.a incremental cash flow) for Y1 is RM_________.

3. Operating cash flow (a.k.a incremental cash flow) for Y2 is RM_________

4. Operating cash flow (a.k.a incremental cash flow) for Y3 is RM_________.

5. Operating cash flow (a.k.a incremental cash flow) for Y4 is RM_________.

6. Total PV of the project is RM_________.

7. NPV of the project is RM_________.

8. IRR is _________%. (2 decimals)

9. MIRR is ___%.

10. PI is _________.