You belong to a start-up company that is designing and delivering a constellation of nanosatellites (that is, a system of very small satellites for Earth Observation). For each satellite unit, the project development team has produced the following estimate of non-recurring end-of- year costs to get the mission to the point of launch and early operations in 2026: Estimated expenses 2022 2023 2024 2025 2026 Total Project Budget Acquisition or rental of equipment Contracted services 5000 20000 10000 40000 15000 20000 20000 20000 0 $ 0 $ 50,000 100,000 12000 Technology testing services Launcher services 0 0 4000 0 8000 0 16000 $ 200000 $ 40,000 200,000 0 Licenses and permits fees Material and supplies Salaries and benefits Travel Total (no overhead) 0 7125 109000 3400 800 14250 109000 3400 181450 1600 21375 109000 6800 181775 5600 71250 109000 13600 251450 0 $ 28500 $ 109000 $ 6800 $ 360300 $ 8,000 142,500 545,000 34,000 1,119,500 144525 a) Create the future cash flow series for the projected non-recurring engineering (NRE) project expenditures b) Assuming that inflation is 6%, and create the inflation corrected cash flow series for the NRE expenses. c) Incremental revenues are estimated to be the following, starting in 2026: 2026: $150k; 2027: $350k; 2028 through 2040: $400k. Incremental operating expenses are $10k per year in 2026, and these expenses increase by 5% each year (these estimated amounts do not also have to be corrected for inflation). Create the cash flow series for the incremental EBIT. Find NPV @ MARR, IRR, and simple payback. Show your work. d) is the project worth pursuing? Justify your answer in less than half a page of text