Hi I Have A Trouble For Calculating This Question And The Correct Answer Was Sho

Hi,I have a trouble for calculating this question and the correct answer was shown below. Firstly,for Tax,I think the calculation should be: ‘Taxable income x 0.3’,but the correct answer wasn’t that. Secondly, I don’t know how to calculate NPV in this question.

Ans(All figures in $ million)EBDIT 53 65 Less depreciation 50 50 Taxable income 3 15 Less tax (30%) 1 5 Net income 2 10 The net income given above is calculated by using a tax rate of 33.33%…

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