$96,000. An increase in working capital totaling $110,000 will also be needed at the beginning. This will be recovered at the end of the 7 years. On the positive side, Jonathan estimates that the new process will save $450,000 per year in environmental costs (fines and cleanup costs avoided). The cost of capital is 10%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Required: Two present value tables are provided: Present Value of a Single Amount and Present Value of an Annuity. Use them as directed in the problem requirements. 1. Prepare a schedule of cash flows for the proposed project. (Assume that there are no income taxes.) If an amount is negative or an outflow, first enter a minus sign (-)