A company is considering an expansion of its product lineup. The company's CFO has the following information for this expansion project:

The project has an $8-$year life and requires a $$480,000$ fixed asset investment. These assets will be depreciated straight$-$line to zero over the project life. The estimated market value of the fixed assets at the end of the project is zero.

Six months ago, the company worked with a team of consultants to investigate the market for the new product. The company paid $$30,000$ for the consultation.

The company plans to use a piece of land for the project. The company currently owns the land and expects to earn $$20,000$ today by selling it$.$

The project will generate annual sales and costs of $$520,000$ and $$400,000.$

The project requires an initial investment of $$50,000$ in net working capital, which the company expects to fully recover at the end of the project.

The company is subject to a $21\%$ corporate income tax rate. The required rate of return on the project is $11\%.$

Note $1$: There is NO capital gain in this example. Accordingly, you do NOT need to know the capital gain tax rate.

Note $2$: Be careful about the SIGNs of cash flows: negative $(-)$ or positive $(+).$

A$.(1$ point$)$ Calculate the initial cash flow from the project.

Show your calculation steps briefly and clearly.

B$.(1$ point$)$ Calculate the operating cash flow from the project.

Show your calculation steps briefly and clearly.

C$.(1$ point$)$ Calculate the terminal cash flow from the project.

Show your calculation steps briefly and clearly.

D$.(1$ point$)$ Calculate the project's net present value $($NPV$).$

You do NOT need to show your calculation steps in this subquestion.