Can you complete the excel doc (Yellow) and answer the questions?

Case and Template x
        Student Name:                    DATE:                    Instructor:     Tunde Aboyade-Cole
        Capital Budgeting Decisions CASE STUDY
                        FINC 3310 - FALL 2019                                MACRS TABLE
        Learning Objectives
        1. Understand how to use EXCEL Spreadsheet
        (a) Develop proforma Income Statement Using Excel Spreadsheet
        (b) Compute Net Project Cashflows, NPV, and IRR
        (c) Develop problem-solving and critical thinking skills
            and make long-term investment decisions
        1) Life Period of the Equipment = 4 years                8) Sales for first year (1)            $ 200,000
        2) New equipment cost            ($200,000)    9) Sales increase per year            5%
        3) Equipment ship & install cost            ($35,000)    10) Operating cost (60% of Sales)            $ (120,000)
        4) Related start up cost            ($5,000)     (as a percent of sales in Year 1)            -60%
        5) Inventory increase            $25,000    11) Depreciation             Use 3-yr MACRIS
        6) Accounts Payable increase            $5,000    12) Marginal Corporate Tax Rate (T)            35%
        7) Equip. salvage value before tax            $15,000    13) Cost of Capital (Discount Rate)            10%
            Filling data in the cells colored            only.
        ESTIMATING Initial Outlay (Cash Flow, CFo, T= 0)
                    CF0    CF1    CF2    CF3    CF4
        Year            0    1    2    3    4
        Investments:
        1) Equipment cost            $ (200,000)
        2) Shipping and Install cost            $ (35,000)
        3) Start up expenses            $ (5,000)
         Total Basis Cost (1+2+3)            $ (240,000)
        4) Net Working Capital            $ (20,000)
         Total Initial Outlay            $ (260,000)
                                                    Depreciation Calculation
        Operations:
        Revenue                $ 200,000    $ 210,000    $ 220,500    $ 231,525                Depreciation Basis:        $ 240,000
        Operating Cost                $ (120,000)    $ (126,000)    $ (132,300)    $ (138,915)                # of years:        4
        Depreciation                $ 79,992    $ 106,680    $ 35,544    $ 17,784                Macrs        3    years
         EBIT                $ 8    $ (22,680)    $ 52,656    $ 74,826
        Taxes                $ 3    $ (7,938)    $ 18,430    $ 26,189                    A    B    A*B
         Net Income                $ 5    $ (14,742)    $ 34,226    $ 48,637                Year    Basis    Macrs %    Depreciation
                                                    1    $ 240,000    33.33%    $79,992
        Add back Depreciation                $ 79,992    $ 106,680    $ 35,544    $ 17,784                2    $ 240,000    44.45%    $106,680
                                                    3    $ 240,000    14.81%    $35,544
         Total Operating Cash Flow                $ 79,997    $ 91,938    $ 69,770    $ 66,421                4    $ 240,000    7.41%    $17,784
                                                            100.00%    $240,000
        Terminal values:
        1) Change in net WC                            $ 20,000
        2) Salvage value (after tax)                            $ 9,750
         Total                            $ 29,750                Salvage value*(1 - marginal tax rate)
         Project Net Cash Flows            $ (260,000)    $ 79,997    $ 91,938    $ 69,770    $ 96,171
        NPV =    $6,812.10        IRR =    11.1871%        Payback=    3.19            Payback Period
        Profitability Index =            1.03        Discounted Payback =        3.90            Year    Projected CF    Cummulative CF    Count
                                                0    $ (260,000)    $ (260,000)
                                                1    $ 79,997    $ (180,003)    1
                                                2    $ 91,938    $ (88,065)    1
                                                3    $ 69,770    $ (18,294)    1.00
            PLEASE RESPOND TO THESE QUESTIONS ON ANOTHER TAB                                    4    $ 96,171    $ 77,877    0.19
                                                    Payback period        3.19    years
        Q#1    Would you accept the project based on NPV, IRR?
            Would you accept the project based on Payback rule if project cut-off
            is 3 years?
        Q#2 Impact of 2017 Tax Cut Act on Net Income, Cash Flows and                                         Discounted Payback Period
            Capital Budgeting (Investment ) Decisions
        (a)    Estimate NPV, IRR and Payback Period of the project if                                     Year    Projected CF    Discount factor    Discounted CF    Cummulative CF    Count
             tax rate equals to 21%. Would you                                    0    $ (260,000)    1.0000    ($260,000)    $ (260,000)
            accept or reject the project?                                    1    $ 79,997    0.9091    $72,725    $ (187,275)    1
        ( b)    As a CFO of the firm, which of the above two scenario (1) or (2)                                     2    $ 91,938    0.8264    $75,982    $ (111,293)    1
            would you choose? Why?                                    3    $ 69,770    0.7513    $52,420    $ (58,874)    1
        Q#3 How would you explain to your CEO what NPV means?                                        4    $ 96,171    0.6830    $65,686    $ 6,812    $0.90
                                                    Payback period                3.90    years
        Q#4 What are advantages and disadvantages of using only Payback method?
        Q#5 What are advantages and disadvantages of using NPV versus IRR?
        Q#6 Explain the difference between independent projects and mutually exclusive projects.
            When you are confronted with Mutually Exclusive Projects and have coflicts
            with NPV and IRR results, which criterion would you use (NPV or IRR) and why?
&"Arial,Bold"&14&K03+000Behzad Pouyanfar        
Case and Template
    Student Name:                    DATE:                    Instructor:     Tunde Aboyade-Cole                                                                20
    Capital Budgeting Decisions CASE STUDY
                    FINC 3310 - SPRING 2020                                MACRS TABLE
    Learning Objectives
    1. Understand how to use EXCEL Spreadsheet
    (a) Develop proforma Income Statement Using Excel Spreadsheet
    (b) Compute Net Project Cashflows, NPV, and IRR
    (c) Develop problem-solving and critical thinking skills
        and make long-term investment decisions
    1) Life Period of the Equipment = 4 years                8) Sales for first year (1)            $ 200,000
    2) New equipment cost            ($200,000)    9) Sales increase per year            5%
    3) Equipment ship & install cost            ($35,000)    10) Operating cost (60% of Sales)            $ (120,000)
    4) Related start up cost            ($5,000)     (as a percent of sales in Year 1)            -60%
    5) Inventory increase            $25,000    11) Depreciation             Use 3-yr MACRIS
    6) Accounts Payable increase            $5,000    12) Marginal Corporate Tax Rate (T)            35%
    7) Equip. salvage value before tax            $15,000    13) Cost of Capital (Discount...