A new line of sneakers is expected to sell 8000 pairs a year at $92 each. The new line is expected to have a 4 year life. It requires labor costs of $18.68 and material costs of $23.52 per pair. Fixed costs per year is $89,200. New equipment for production is needed, and requires an investment of $670,000. This equipment will be depreciated straight-line to zero over the life of the project, after which time it will have a market value of $218,000. The project requires an initial investment in net working capital of $39,000. The tax rate is 21 percent and the required return for the project is 16% a. Find depreciation per year: $ b. What is the after-tax salvage value of the equipment? $ c. What is the operating cash flow (OCF)? $ d. Fill out the table below. Do not include dollar signs in your answers ($). Clearly write negative numbers with a negative (-) sign Year o Year 1 Year 2 Year 3 Year 4 $ $ $ $ $ OCF $ $ $ Change in NWC O O $ $ Capital spending 0 o o $ $ $ $ $ $ $ Total cash flow