Below is a revenue forecast for a new product. Expenses are expected to be 40% of revenues, and working capital required in each year is expected to be 20% of revenues in the following year. This new products requires an immediate investment of $45,000 in PP&E. A. Calculate the initial investment in the project. Remember Working Capital. Working Capital Initial Investment B. If the plant and equipment are depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm's tax rate is 40%, what are the project cash flows in each year? C) The opportunity cost of capital is 12%, calculate the project N and IRR