Biohazard Inc created a product to dispose of personal medical waste safely for regular consumers. It will be sold for $50 each. To start this venture, $700,000 of equipment will have to be purchased. Additional working capital of 150k will be required in year 0 and 100k in year 1. Revenue is forecasted at 500k for year 1 and will grow 50k/year through year 5. Annual operating expenses are estimated at 250k in year 1 and will continue to grow by 25k per year until the end of the projects life. Straight line depreciation will be used for the equipment over 10 years. Its salvage value at the end of 10 years is estimated at 50k. The tax rate will be 40%.

Calculate the net investment (year 0 cash flow) and the net cash flow for years 1, 2 and 10.