17 Quad Enterprises is considering a new 5-year expansion project that requires an initial fixed asset investment of $1.674 million. The fixed asset will be depreciated straight-line to zero over its 5-year tax life, after which time it will be worthless. The project is estimated to generate $1,488,000 in annual sales, with costs of $595,200. If the tax rate is 23 percent, what is the OCF for this project? $429,660 $726,237 $892,800 $802,683 18 Griffin's Goat Farm, Inc., has sales of $714,000, costs of $215,000, depreciation expense of $44,000, interest expense of $19,000, and a tax rate of 22 percent. What is the net income for this firm? o $340,000 o $403, o $278,920 o $384, o s359, 19 Wims, Inc., has current assets of $3,400, net fixed assets of $24,500, current liabilities of $2,900, and long-term debt of $7,700. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital? A firm evaluates all of its projects by using the NPV decision rule. Year WNO Cash Flow -$27,000 22,000 13,000 5,000 a. At a required return of 15 percent, what is the NPV for this project? b. At a required return of 34 percent, what is the NPV for this project