You are provided with the projected income statements for a project:- Year 12 24 3e Revenues $ 10,000 $11,000- $12,000 $13,000 - Cost of Goods Solde $ 4,000 $4,400 $ 4,800 $ 5,200 - Depreciation $ 4,000 $3,000 $ 2,000 $ 1,000 = EBIT $ 2,000 $ 3,600 $ 5,200 $ 6,800 . NOTES The tax rate is 40%.- The project required an initial investment of $15,000 and an additional investment of $2,000 at the end of year 2.- The working capital is anticipated to be 10% of revenues, and the working capital investment has to be made at the beginning of each period. REQUIRED a. Estimate the free cash flow to the firm for each of the 4 years. c b. Estimate the payback period for investors in the firm. c. Estimate the net present value to investors in the firm if the cost of capital is 12%. d. What Is difference between payback period method and NPV method? Write THREE advantages of NPV method