3. You have been asked by the president of your company to evaluate proposed 2 year project involving a robot. The robot's base price is $290,000, and it would cost another $10,000 to modify it for special use by your firm. The robot, which falls into the MACRS 3-year class, would be sold after 2 years for $40,000. The applicable depreciation rates are 33 percent, 45 percent, 15 percent, and 7 percent. Use of the equipment would require an increase in net operating working capital of $10,000. The robot would bring in $200,000 in revenue per year with $100,000 per year in operating costs. The firm's marginal federal-plus-state tax rate is 25 percent. a. Calculate the operating cash flow for year 1 for the project (only Year 1). Year 1 Revenue ro0,000 Operating Cost 10000 Depr 300,000 Oper Inc BT 90,000 Taxes 25%>5 o. 0 b. Find the net salvage value of the equipment at the end of year 2 . 40000 4.What is the NPV, IRR and Payback Period. Cost of Capital is 12%