1) As you plan for a new corporate project, you find that during the first year of the project's life the expectation is that revenues will total $100,000, variable costs will be 60% of revenues, fixed costs will be $30,000, and depreciation will be $10,000. Given a corporate tax rate of 40%, find the free cash-flow for the first year of the project. Enter your number in dollars, with no decimals.

2) Same as for the question above, you plan for a new corporate project, and find that during the first year of the project's life the expectation is that revenues will total $100,000, variable costs will be 60% of revenues, fixed costs will be $30,000, and depreciation will be $10,000. Now, you believe that revenues are likely to increase at the rate of 5% per year every year, while the rest of the data remains as described before. Given a corporate tax rate of 40%, find the free cash-flow for the second year of the project. Enter your number in dollars, with no decimals