3. Viking Industries is considering a new three-year expansion project that requires the purchase of a machine for $2.32 million. The project will generate $1.735 million in annual sales, with annual costs of $650,000. The machine will be depreciated straight-line to zero over its three-year tax life (the tax rate is 21%), after which time it will be worthless. What is the OCF for this project? 4. In the previous problem, suppose the required return on the project is 12 percent. What is the project's NPV? 5. In the previous problem, suppose the project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. What is the project's Year o net cash flow? Year 17 Year 2? Year 3? What is the new NPV? BE 6. In the previous problem, suppose the fixed asset actually falls into the three year MACRS class. All the other facts are the same. What is the project's Year 1 net cash flow now? Year 2? Year 3? What is the new NPV