The University of Texas at AustinMcCombs School of BusinessFoundations of Accounting (ACC 310F)Assignment 6Once you have completed the assignment below, you must submit your answers using the answer sheet provided inCanvas (in the Assignments area); not all answers will be turned in.Once submitted, your answers cannot bechanged.Where appropriate, partial credit will be given.The teaching assistants and I can help you on Part A of theassignment, but not on Part B.Unlike a quiz, you may work with other classmates if you wish, but you must submityour own work.You will not be able to view your submitted answers in Canvas so you should keep a copy of them forreference.For all time value of money calculations, use time value of money factors with at least four decimal placesand do not round intermediate calculations, but do round your final answer to the nearest whole number.Part A(20 points)Required: answer each of the following questions, which are independent from each other.1.Big Box Real Estate is considering two sites for its latest development project, a mixed-use retailshopping center.The company’s management has put together the following cash flow estimates andother data for each project:Site 1Site 2Cedar ParkRound RockLand and construction costs