STRATEGIC FINANCIAL MANAGEMENTStrategic Financial ManagementStrategic Financial ManagementProject Details:The LSC Corporation is planning to invest in a Machinery that costs 100,000 pounds. Its operational life is 08 years (will be scrapped thereon).Annual Revenues 70,000 pounds from year 1 to year 8,Annual Fixed Costs 50,000 pounds from year 1 to year 8,Salvage Value is 5,000 pounds from year 1 to year 8,Cost of Capital 10%,Tax rate 36%Cash-flows over the year:Year 1: 10,000 Year 2: 18,000Year 3: 14,400Year 4: 11,520Year 5: 9,216Year 6: 7,373Year 7: 5,898Year 8: 4,718Q1. Calculate the total present value of the project's cash flows.YearCash-flowsEarnings After Tax0(100,000)110,00012,800218,00012,800314,40012,800411,52012,80059,21612,80067,37312,80075,89812,80084,71812,800Total81,125102,400Total present value of the ...