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14 TaiGueLe Enterprises, Inc. is considering launching a new corporate project. The company will have to make Capital Investments, Working Capital investments, and generate Cash

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14 TaiGueLe Enterprises, Inc. is considering launching a new corporate project. The company will have to make Capital Investments, Working Capital investments, and generate Cash Flows from Operating the new project. The Equipment required for the project will cost $9,000,000 today, will last for six years (the length of the project), and is estimated at the time of purchase to sell for $600,000 at the end of its life. The company uses Straight-Line depreciation and has a Tax Rate of 27%. The appropriate discount rate for the risks involved is 15%. Operating estimates for the project follow: 4 points 8 00:23:06 Year Revenue Cash Expenses Depreciation End of Year NWC $ $ $ $ 1 5,000,000 $ 2,400,000 $ 1,400,000 $ 500,000 $ 2 5,300,000 $ 2,544,000 $ 1,400,000 $ 530,000 $ 3 5,600,000 $ 2,688,000 $ 1,400,000 $ 560,000 $ 4 5,900,000 $ 2,832,000 $ 1,400,000 $ 590,000 $ 5 6,000,000 $ 2,880,000 $ 1,400,000 $ 600,000 $ 6 5,000,000 2,500,000 1,400,000 500,000 Per your DCF analysis of the project, what is the cash flow from the change in net working capital in year six

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