You are evaluating a project for The Ultimate recreational pool table. The project will make use of an existing warehouse which is currently rented out for $100,000 a year. If the project goes ahead, the rental income will be lost starting from t=1 until the project ends. Investment in PPE (property, plant and equipment) amounts to \$1 million and will be depreciated on a straight-line basis over 10 years from t=1. However, the project is estimated to terminate at t=5 whereupon the PPE will be sold for $400,000. The net working capital is forecasted to be 10% of sales for years 1 to 4 . Net working capital will be fully recovered at t=5. Year 1 sales is $0.8 million and will grow at 5% yearly. COGS is 40% of sales. The tax rate is 20% and the cost of capital is 10%. Compute the payback, discounted payback, NPV, IRR and PI. hello can you please show the working for year 5? what is the operating cash flow, salvage value of ppe and recovery of NWC? can share the spreadsheet? i get 919364.4