VB (Victoria Beer). David needs your advice as a chief financial officer (CFO) on the new acquisition using NPV analysis. A feasibility study has been undertaken at the cost of $1,250,000 which has indicated that the project is technically feasible. VB is priced at $15 million, would require $3 million in transportation costs and installation cost of $2 million. VB has a useful life of 6 years and will be depreciated using straight-line depreciation over the 5 years. It is expected to have a salvage value of $500,000 at the end of 6 years and it would require a $1.5 million in net working capital (time zero). VB would increase revenue by $12 million and increase operating cost by $1 million a year for the next 6 years. The marginal tax rate is 30 percent and the project's cost of capital is 9 percent. Would you go ahead with the new acquisition using the following methods. The cash flows are received or made at the end of each year. Use the information to answer the following questions. Show your calculation step-by-step and use 2 decimal places in your calculations. a. Calculate the net present value of the project. (2 marks) b. Calculate the payback period of the project. (2 marks) c. Calculate the present value index of the project. (2 marks) d. Calculate the internal rate of return of the project. (2 marks) e. Under each criterion, explain should you accept this project or not. (2 marks)