3 Luqman Corporation usually depreciates its assets on a straight line basis to zero value. This policy is also applied to its proposed capital project which will require an initial investment of RM2.55 million. At the end of ts three (3) year's useful ife, the asset is to be sold for RM550,000. The project will require RM25,000 net working capital at the start of year 1, RM35,000 at the start of year 2 and RM30,000 at the start of year 3. The company is paying 30 percent tax Other relevant information about the project is provided below Year 1 2 Projected sales units 60,000 80,500 100 100 Unit selling price (RM) 60 62 64 Unit variable pos! (RM) 35 40 Annual fixed cost (RM) 60,000 65,000 70,000 Determine the following i) net tax cash flow from the resale of asset at the end of its useful life. (1 mark) ii) operating cash flows for year 1, 2 and 3. (6 marks) HI) net change in working capital flows at the start of year1, 2 and 3 (2 marks) 45 iv) total project cash flow. (6 marks)