You are analyzing a project with a life of $5$ years, which requires an initial investment in

equipment and machinery of $$10$ million. The equipment is expected to have a $5-$year

lifetime and no salvage value and to be depreciated straight line. The project is expected to

generate revenues of $ $5$ million each year for the $5$ years and have operating expenses

$($not including depreciation$)$ amounting to $30\%$ of revenues. The tax rate is $40\%,$ and the

cost of capital is $11\%.$

a$.$ Estimate the after$-$tax operating cash flow each year on this project.

b$.$ Estimate the net present value for this project.

c$.$ According to the NPV results, Would you accept the project?

d$.$ Assume that the firm that takes this project is losing money currently, and expects to

continue losing money for the first $3$ years. Estimate the net present value of this

project.

need a step by step guide for parts b$,$ c and d with explanations to why the figures chosen were chosen

thanks in advance