ACME Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}18$ million. The fixed asset will be depreciated, straight line to zero over its three$-$year tax life after which time it will be worthless. The project is estimated to generate $$1\mathrm{.}645$ million in annual sales with costs of $$610,000.$

Part $1$: If the tax rate is $21\%,$ what is the OCF for this project?

Part $2$: Suppose the required return on the project is $12\%.$ What is the projects NPV$?$

Part $3$: Suppose the project requires an initial investment in networking capital of $$250,000$ and the fixed asset will be sold for $$180,000$ at the end of the project. What is the new NPV$?$

Part $4$: Suppose the project requires an initial investment and networking capital of $$250,000$ and the fixed asset will be sold for $$180,000$ at the end of the project. in addition, the company will depreciate the entire amount in year $1($Bonus depreciation$).$ What is the new NPV$?$