Write down the Parents Company Viewpoint (Without holding Tax) Parent's Company Viewpoint (withholding Tax) is like this ...

	Year 0	Year 1	Year 2	Year 3	Year 4	Year 5
Initial Investment (USD)	23,630,000.00
Terminal Value (USD)						4,726,000.00
Cash Flow (USD)		4,726,000.00	5,671,200.00	6,805,440.00	8,166,528.00	9,799,833.60
Free Cash Flow (USD)		4,726,000.00	5,671,200.00	6,805,440.00	8,166,528.00	14,525,833.60
Withholding Tax (20%)		945,200.00	1,134,240.00	1,361,088.00	1,633,305.60	2,905,166.72
Free Cash Flow After Tax (USD)		3,780,800.00	4,536,960.00	5,444,352.00	6,533,222.40	11,620,666.88
Exchange Rate		0.2368	0.2375	0.2382	0.2389	0.2396
Free Cash Flow (MYR)		15,966,216.22	19,102,989.47	22,856,221.66	27,347,100.88	48,500,279.13
Loss in Net Export (MYR)		2,000,000.00	2,000,000.00	2,000,000.00	2,000,000.00	2,000,000.00
Net Free Cash flow (MYR)	(1000,000,000.00)	13,9666,216.22	17,102,989.47	20,856,221.66	25,347,100.88	46,500,279,13
Present Value Factor		0.8929	0.7972	0.7118	0.6355	0.5674
Present Value (MYR)		12,469,835.91	13,634,398.50	14,845,046.62	16,108,540.84	26,385,507.18

Cumulative NPR (MYR ). YEAR 0 = (100,000,000.00) Year 1 = 87,530,164,09 Year 2 = 73,895,765.60 Year 3= 59,050,718.97 Year 4 = 42,942,178.13 Year 5= 16,556,670.95

NPV @12% = 16,556,670.95 IRR= 6.22

Write down the Parents Company Viewpoint (Without holding Tax) with a table