Blue Moon Coffee \& Co. is considering opening a new store. The project requires an upfront investment of $8,300,000 and is assumed to have a useful life of four years. The salvage value of total investment at the end of the 4th year is estimated at $300,000. The company uses straight-line depreciation. Additionally, the following information is estimated: - The company faces a marginal tax rate of 20%. - Part of the operating assets are expected to be sold for $500,000 at the end of the 4 th year. - The new store will need to maintain the working capital balance as follows: $200,000 at the beginning of the 1st year and $300,000 at the end of 1st, 2nd, and 3rd years. The remaining balance will then be recovered at the end of the 4th year. - The new store is expected to sell 2 million cups of coffee each year for the four years of the project's life. The average unit price of coffee products is $3.0 per cup. - The average unit cost is estimated at $1.0 per cup, including materials, labor, and supplies. You are the analyst of the firm and are asked to answer questions a), b), and c) below. a) [10 marks] To conduct the project's cash flow analysis, calculate the following 3 items: i) depreciation expense per year; ii) cash flow from the asset sales, net of tax, at the end of the 4th year; and iii) changes in working capital requirements for each year, including "year 0 ". *For full credit, you must show the steps/calculation toward your results. b) [10 marks] Calculate unlevered cash flows for each year and find the project's net present value (NPV) assuming the cost of capital is 12%. *For full credit, you must show the steps/calculation toward your results