What is the discount rate that makes the net present value of all cash flows equal to zero in a discounted cash flow analysis of the more favorable project?* Alpha Corporation's noncallable bonds have a 20 year maturity, an annual discount of EM, P1,DOO principal value, and a share price of P1 060,00, The corporation pays a 25 percent tax rate. The stock's both is 1 20, and the risk free margin ill 4 50 percent, The jmrestornet premium in 5 50 percent. Debt makes up 3595 of the target capital structuresThe cost of floatationis 10th It has no plans to sell additional common stock P85 000 in annual furbyer At the end of each year, the Mim adds P10 000 to the accounts receivable, with a balance of P20 080 hit the point of diction revery'Two ventures are being considered by Alpha Corporabod min Project 1 - To purchase a new truck to speed up the delivery of the data seen below, The judic has a three year tax life and will be completely depreciated over three year using this straight line process, So'il Would live a positive pre tax salvage vidue of the end of Year 3, when the project would be closed Theme will also be in need for astral net operational working capital- which will be moaid towards the conclusion of the project turntion Over the project's three year lifespani, revenues and officer operabona capercel ure proje led to fenian sinbile IRR of related project Con d Equipment P70.090 Required net operating whoring capitalill Atwilal operating costs a cash Salvage value Paged?- To purchase now equipment in expand operation at decided below the equipment require cura net operational working capuld that would be collected of the projcern cond isron Over the count & the projecta duration] reventime and other oporiginal expenses am Imply in ind ofyealed pond 10.079 Cost of Muchingly P75,010 Paquied theit sporting working capital F15,900 Anidid opening count In cash