12. Company X manufactures technology products. It plans to expand its manufacturing

operations. Based on past data, management anticipates the first project

year of the as-yet-to-be-expanded operations to match the data in Table 7.26.

a. Compute the working capital requirement during this project year.

b. Determine the taxable income during this project year.

c. Calculate the net income during this project year.

d. Define the net cash flow from this project during the first year.

For parts b, c, d - Show your income statement