The Lost in Space corporation is trying to finally build a space ship that won't end up stranding everyone on it in some random part of the galaxy. To do so they are considering a new three-year project that will require an initial investment of $55 million. These initial assets will be depreciated straight-line to zero over their three-year tax life. The firm will be able to sell these assets at the end of the project for $10,500,750. The project is estimated to generate the following revenues during it's three year life: $18,600,235 in year one, $20,975,410 in year two, and $23,412,000 in year three. The firm expects that their costs will be equal to 60% of the projects same year revenues. They expect that project net working capital (in the form of inventory required) will be equal to 14.50% of the next year's revenue. The firms tax-rate is 21%. What are the projects cash flows from assets for years 0-3? What is the IRR on this project? Use available Excel template and complete using "best practices" (use formulas - no hardcoding in model). This means that every cell must be calculated inside of excel! Do not use your calculator and then just type in numbers. If you need help use the excel help function or youtube!

Revenue t=1

Revenue t=2

Revenue t=3

Investment Depr. years

Final book value

FA Sale value

NWC req't

Costs

Tax rate