You as a financial manager estimate an investment plan that will require funds of 160,000,000. The investment is estimated to have an economic life of 4 years. The estimated profit and loss for each year is as follows.

first year & second year third and fourth year sales income 160,000,000 173,000,000 cost fee depreciation 33,000,000 33,000,000 cash 20,000,000 21,000,000 the amount of costs 53,000,000 54,000,000 profit before fee 107,000,000 119,000,000 tax (25%) 26,750,000 29,750,000 profit after tax 80,250,000 89,250,000