Benford Inc. is planning to open a new sporting goods store in a suburban mall. Benford will lease the needed space in the mall Equipment and fixtures for the store will cost $350,000 and be depreciated over a 5 -year period on a straight-line basis to $0. The new store will require Benford to increase its net working capital by $325,000 at time 0. First-year sales are expected to be $1.6milion and to increase at an annual rate of 6 percent over the expected 10 -year life of the store. Operating expenses (including lease payments and excluding depreciation) are projected to be $500,000 during the first year and increase at a 4 percent annual rote. The salvage value of the store's equipment and foxtures is anticipated to be $17,000 at the end of 10 years. Benford's marginal tax rate is 40 percent. Round your answers to the nearest doliar. a. Compute the net investmeht required for Benford. $ c. Compute the annual net cash fiows assuming equipment and fixtures are depreciated using the 7-year asset class under MAcRs, Use-Table gh-3 to answer the question. ABLE 9A.3 reciation Rates for MACRS Property Other than Real Property