4. We are evaluating a project that requires $1.68 million in initial capital investment, has a 5-year life, and has no salvage value at the end of the project. The project will immediately increase working capital by $200,000, which the company will recover at the end of the project. There is no annual change in working capital during the project life. Assume depreciation is straight-line to zero over the life of the project. Sales are projected at 82,000 units per year (same for all years). Price per unit is $43.29, variable cost per unit is $22.18, and fixed costs are $623,000 per year. The tax rate is 30 percent, and we require a 10 percent return (cost of capital) on this project. Please show all the steps to obtain your answer.(16 points) a. What is the cash flow from the project at time 0? (3 points) b. Calculate the cash flow from the project after time 0 until the end of the project life? (4 points) c. What is the NPV of the project? Should we accept the project? (3 points) d. Calculate the sensitivity of NPV per unit change in sales. You may assume an increase of 500 units in projected sales and recalculate NPV. (6 points)