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A proposed investment has an equipment cost of $800. It will have a life of 3 years. The cost will be depreciated straight-line to a

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A proposed investment has an equipment cost of $800. It will have a life of 3 years. The cost will be depreciated straight-line to a zero salvage value, but will have a market worth $463 at the end of the project's life. Cash sales will be $1, 690 per year and cash costs will run $469 per year. Fixed cost is $46 per year. The firm will also need to invest $331 in net working capital. Marketing research for this project was $1, 500 last year. The appropriate discount rate is 8.3%, and the corporate marginal tax rate is 33% while the average tax rate is 36%. What are the cash flows for the project? What is the NPV of this project

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