2. Rachael Hudson Ltd is considering the purchase of a crane in its construction site which will. The equipment costs $380,000. The project is expected to produce after-tax cash flows of $90,000 the first year and increase by $15,000 annually. The after-tax cash flow in the following 3 years. The firm estimated that the salvage value of the equipment is $50,000 in cash at the end of the fourth year. Assume the required return is 10%. What is the project's net present value? Draw a time line and explain