$300,000 per year. The related costs are expected to be $80,000 per year. The project will require the acquisition of a new machine at a cost of $650,000 with an additional expenditure of $100,000 to install the machine. The land on which the machine will be installed was purchased 10 years ago for $200,000 and currently has a market value of $300,000. The machine is expected to have a salvage value of $90,000 at the end of the project. ABC Inc. will need to an additional $30,000 in working capital to start the project and will increase the working capital to $40,000 in year 2, will then decrease it by $15,000 in year 4 before eliminating the remaining working capital at the end of the project. The company has a cost of capital of 10% and a marginal tax rate of 40%. This project is riskier than the one's it normally invests in and it will therefore require a risk premium of 2.5%. A. What is the initial after-tax cash outlay? B. What is the present value of the after-tax operating cash flows