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The following information pertains to a proposed new five-year venture for a firm:,,Pre-startup cost of new equipment (assume 5-year SL) $200,000,,Investment in market research undertaken last year $100,000,,Incremental sales revenue(years 1-5) $750,000,,Gross margin on lost sales of current products(years 1-5),$50,000,,Cost of goods sold(years 1-5) $450,000,,Incremental cash expenses(years 1-5) $150,000,,Corporate tax rate 34%,,Permanent working capital required at outset, to be restored to cash at the end of the project’s life $50,000,,,a. Develop the incremental cash flows for the project,,b. What is the project’s NPV?