A chemical processing firm is planning to add a duplicate polyethylene plant at another location. The financial information for the first project year is shown in the table below. Financial Information for First Project Year Sales $1407017 Manufacturing costs Direct materials $150.000 Direct labour $200,000 Orehead $100,000 Depreciation $200,000 Operating expenses $142620 Equipment purchase $400,000 Borrowing to finance equipment $200,000 Increase in inventories $97716 Decrease in accounts receivable $20,000 Increase in wages payable $27713 Decrease in notes pavable $40,000 Income taxes $272397 Interest payment on financing $20,000 (a) What is the taxable income during the project period? Taxable income = $ (b) What is the net income during the project period? Net income = $ (c) What is the change in total current assets? Changes in Current Assets = 5 (d) What is the change in total current liabilities? Changes in current liabilities =S (e) Compute the additional working-capital requirement during the project period Working capital = 5