Question 1 (20 marks) Your friend Bill Sing went to Yorkville University and obtained a BBA. Although Bill did graduate, he was a horrible student. He would always cheat on his assignments and exams. Bill would use Course hero and Chegg to complete all his assessments. He rarely attended class and did not take his studies seriously. Bill is the laziest student you have ever met. On the other hand, you were a very good student at Yorkville University who always behaved honestly and ethically and graduated the BBA program with a 78% average. Bill Sing likes to brag to everyone that his final grade in Managerial Finance was 95%, although everyone knows he cheated throughout the entire course. He really should be ashamed of himself Upon graduating 6 months ago, Bill got a job at Tata Steel Inc. Trevor Car is Bill Sing's boss. and has concluded that Bill is a fraud and should not be working at the company. Trevor is going to give Bill one more chance to prove himself. He has asked Bill to complete the analysis below. Assess a project which would realize the following cost savings each year over the next 5 years, r1-882,000 92-882,000 Y3-564,000 7-4-853.000 and 5-837,000. The company has hired a consultant ar $22.000 10 Implement this project, and will cost $185.000 to purchase this equipment today, which will not have any saligga value at the end of the years Other inportant formation Coh rate is 50% Company's cost of Capital is 1596 and the Tax Rates 339 There are no Working Capital requirements for this project Bill was asked to calculate the NPV of this projecr and make a recommendation as to the company should proceed with it. What does the NP seek robustrate to the company's management and Bill Sing is clueless on how to answer this question. Once again, he looks to go onto Course Hero and Chege to get the answers, but they are not available. After a week of showing no progress, Trevor Car has fired Ball Sing You decide to apply for the job and have asked Trevor Car for this opportunity Trevor agrees to give you the job if you canswer the questions. Trevor wants to see all your work showing the calculations