1. Pearson needs new customized Orientation T-shirts. Your company is considering bidding on the project. The project details include: . 4-year project. . Initial investment of $10,000 in working capital . Upfront costs of $30,000 for new material cutting & digital printing equipment. At the end of 4 years you can sell the equipment for $10,000. The equipment fall into the 20% CCA class. There will also be $5,000 in yearly pre-tax operating costs to run the equipment. . Your company has a tax rate of 40% and a required rate of return is 10% a) (8 marks) Complete the following table and calculate the net present value for the project costs. b) (3 marks) What is the projects EAC? c) (3 marks) If Pearson requires 4000 shirts over the 4 years (1000 per year), what would you bid per t-shirt on the Project? Year Cash Flows PV 0 1 2 3 4 PVCCATS NPV Show your work here