Abhay Communications is looking to invest in a new website which will require an investment of $5,900,000. The asset will be depreciated to zero over it's 3 year life using the straight line method. After that it will be worthless (has no salvage value). The management team feels that the updated website will result in an additional $4,500,000 in sales each year with annual operating cost of $720,000. The tax rate is 25% and the discount rate is 13%. This is a three year project. Fill in the following information.

Cash Flow at time 0 =

Develop operating cash flow. Label the row and fill in the value

Sales
Earnings before Tax (EBT)
Tax
+ depreciation
Operating Cash Flow (OCF)

Show values entered in calculator

CF0
C01
F01
i	13
NPV
accept or reject project