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Amazing Tires is considering opening a new facility to meet demand for the next 5 years. It will require initial capital expenditures of $5 million

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Amazing Tires is considering opening a new facility to meet demand for the next 5 years. It will require initial capital expenditures of $5 million at time zero to open the facility. After 5 years the facility will be sold, and the after tax salvage value is expected to be $1.1 million. The initial investment in NOWC will be $770,000. Amazing expects to recover its NOWC investments at the end of the project. Operating cash flows of $1.2 million per year are expected for each year of the 5 year project. What is the Total Cash flow for the last year of the project (Year 5)? $1,995,500$2,333,200$4,144,500$3,070,000

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