Calculating NPV) Doublemeat Palace is considering a new plant for a temporary customer, and its finance department has determined the following characteristics. The compary owns much of the plant and equipment to be used for the product. This equipment was originally purchased for $90,000, however, if the project is not undertaken, this equipment will be sold for $35,000 after tioxes. in adtition, if the project is not accepted, the plant used for the project could be solk for $90,000a affer taxes - the plant originally cost $40,000. The rest of the equipment will need to be purchased at a cost of $150,000. This new equipment will be depreciatod by the straightine method over the projec's 3-year iffe, atter which it will have zero salvage value. No change in net operating working capital would be required, and manayement expects revennes resulting from this new projoct to be $266,000 per year for 3 years, while increased operating oxpenses, excluding dopreciation, are expocted to be $80,000 per year over the projec's 3 -year life. The average tax rate is 25 percent and the marginal tax rate is 31 percent The required rato of retum for this project is 14 percent. What is the projec's NPV? a. What is the initial outlay associated with this project? (Round to the nearest dollar.) b. What aro the arnual after-tax cash fiows associalod with this piojoct for yoars 1 and 2 (note thit the cash fiows for yoars 1 and 2 are equal)? (Rourd to the nharest dollar) c. What is the tueminal cash fiow in yoar 3 \{ what is the annual after-tax cashi flow in yoar 3 plus any additional cash tows associatod wiff the termiriation of the projecti? [Round to five nearosi dollar] d. What is the projocf $ NFV given a recuined rate of rutumn of 14 percent