A company is considering a 3-year project that requires an initial installed equipment cost of $15,000 The project engineer has estimated that the operating cash flows will be $5,000 in year 1 $7,000 in year 2, and $9,000 in year 3 The new machine will also require a parts inventory of $3.000 at the beginning of the project (assume this inventory can be sold for cost at the end of the project) It is also estimated that the equipment can be sold as salvage for an after tax salvage cash flow of $4,000 at the end of the project. If the tax rate is 27% and the required rate of return is 10%, what is the net present value (NPV) of this project? (Answer to the nearest dollar.) A company is considering a 5-year project to expand production with the purchase of a new automated machine using the latest technology The new machine would cost $160,000 FOB St Louis, with a shipping cost of $7,000 to the plant location. Installation expenses of $14,000 would also be required. This new machine would be classified as 7-year property for MACRS depreciation purposes. The project engineers anticipate that this equipment could be sold for salvage for $46,000 at the end of the project. If the corporate tax rate is 38%, what is the after tax salvage cash flow for this new machine at the end of the project? (Answer to the nearest dollar.) MACRS percentages for depreciation each year are as follows