1. What is the cash flow for year 0? (express answer as a negative...)

2. What is the cash flow for year 1?

A firm has projected the following financials for a possible project: YEAR 2 3 4 5 Sales 122,606.00 122,606.00 122,606.00 122,606.00 122,606.00 Cost of Goods 64,720.00 64,720.00 64,720.00 64,720.00 64,720.00 S&A 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00 Depreciation 22,475.20 22,475.20 22,475.20 22,475.20 2 2,475.20 Investment in NWC 1,081.00 576.00 576.00 576.00 576.00 576.00 Investment in Gross PPE 112,376.00 The firm has a capital structure of 36.00% debt and 64.00% equity. The cost of debt is 10.00%, while the cost of equity is estimated at 12.00%. The tax rate facing the firm is 35.00%. (Assume that you can't recover the final NWC position in year 5. i.e. only consider the change in NWC for each year)