Answer the next four questions based on the following info. Do not round the intermediate calculations and round the final answer to the nearest whole number. Thomson Media is considering a new project that will cost the firm $70,000 for the equipment, which has a useful life of three years. Under the new tax law, the equipment is eligible for 100% bonus depreciation, so it will be fully depreciated at time zero. The equipment would be sold for $5,000 at the end of Year 3 when the project would be closed down. Also, additional net operating working capital (NOWC) in the amount of $10,000 would be required to implement the project, but it would be recovered at the end of the project's life. Revenues and operating costs in the amount of $61,000 and $30,000, respectively, are expected to be generated annually from the project over its three-year useful life. The cost of capital for the project is 10% and the tax rate is 25%. What is the initial cash flow of the project? 0-$52,500 0-$80,000 O-$70,000 -$62,500 What is the anticipated cash flow for Year 3? O $37,000 O $23,250 $33,250 O $38,250 Should the project be accepted and why? O Yes, because its payback period is shorter than its useful life. O Yes, because its cost of capital is greater than its IRR. O No, because it takes more than a year to break even. Yes, because its NPV is positive