1.H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,300,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $3,070,000 in annual sales, with costs of $2,090,000. Assume the tax rate is 24 percent andthe required return on the project is 11 percent.What is the project's NPV?(A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2.

Fill in the missing numbers in the following income statement:

Sales: $650,800

Cost: 386,800

EBIT: ?

Taxes (21%)?

Net Income: ?

What is the OCF?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.)

What is the depreciation tax shield?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.)

Thank you for your Help!! I'm terrible at math and haven't been able to figure these out!