uestion 2 (20 marks 36 minutes A new project with an expected life of 3 years is expected to result in an increase in sale?,* revenue of N$ 20 million in the first year, NS 30 million in the second year and N$ 10 in the third year. Operating cost will amount to 70% of sales revenue and the company is required to make an investment in working capital of N$6 million at the beginning of the project, which is recoverable at the end of the life of the project. The cost of the project is N$18 million and the residual value at the end of three years is N$ 11 million. The required rate of return is 14%. Assuming no taxation, determine whether the project can be accepted using: a) Net Present Value b) Internal Rate of Return (15 marks)