2) (4 pts) A proposed new investment requires an upfront investment of $400,000 and will be depreciated to zero over an 8 year economic life. The project has projected sales of variable costs are expected to be 35% of sales, and fixed costs are $75,000 per year. Net Income for the first year ass year? straight line $500,000 per year, What is the project's uming a tax rate of 32% what is the Operating Cash Flow for the first 6 Project Net Income