Bob and Gene manufacture widgets and currently have $25 million in taxable income. The company recently spent $750,000 to

put together a bid for a government contract, and this morning they were notified that they won the contract. The contract requires

the firm to provide 70,000 widgets a year for 6 years, and the government will pay $30 for each widget. To satisfy the new contract,

Bob and Gene estimate they will need an additional $5,000,000 worth of machinery. The machinery costs $150,000 a year to

operate and maintain. Bob and Gene plan to depreciate the machinery over the 6 years to the expected salvage value of $50,000.

If the project is accepted, the company will immediately increase inventory by $500,000 and maintain the new inventory level over

the project's life. Similarly, the company will immediately add $50,000 to their cash balance and maintain that higher cash balance

over the project's life. The investments in cash and inventory will be recovered when the project is completed. The marginal cost of

producing a widget is $6.00 and the cost of capital is 14%.

1. Calculate the net capital spending for year 0-6.
2. Calculate the change in net working capital for year 0-6.
3. Calculate the operating cash flow for year 0-6.

Please include the formulas needed to calculate.