You have been observing the progressive gemtrification San Francise with interna. Yo realize that the time is ripe for you to start and run an ethe exercise center. You found on abandoned warehouse in Fisherman's Wharf which will men you seets and ente fese $48000/year. Yous estimate that it will initially con $50000 to senere the place and buy Nautilus equipment for the center. There will be no snage ud te demons depreciable) You have done a market survey which leads you to besere that you will 500 members cach paying $500/year. You have also found instructores you can use is $24000/year apiece. Your tax rate if you start making profits will be with and you choose to use straight line depreciation on your initial investment. If your discontrate is 15% you expect to retire to the Bahamas in ten years, answer the following questions 2 Estimate the initial investment (CFO) (1 mark) b. Estimate the operating free cash flows to the firm (FCFF) on the project for the sea 10 years. (5 marks) c. Calculate the NPV on this project. (2 marks) Is this a good investment? (1 mark)