(Calculating project cash flows and NPV) You are considering new elliptical trainers and you feel you can sell 4,000 of these per yoar for 5 years (aftoc which time this posjoct in epoeld b that down when it is learned that being fit is unhealithy). The elliptical trainers would sell for $800 each with vaciable costs of $475 for each one prodiced, and arnual fies costs assodset wth production would be $1,200,000. In addition, there would be 8$4,000,000 initial expenditure associased with the purthase of new producton equicmeet. In is ssemed vat Nis inal ersendere wil be depreciated using the simplified straight-line method down to zero over 5 years. This project wil also requite a onetime intial investment of sso0,000 in ret wokkg capta atsooted with inventory, and it is assumed that this working copital investment will be recovered whon the project is shut down. Finaly, assume that the firmis tax ate is 35 percont. a. What is the initial outlay associated with this project? b. What are the annual net cash flows associated with this project foc years 1 through 4 ? c. What is the terminal cash flow in year 5 (that is, the free cash flow in yoar 5 plus any additional cash flows associaled wah termination of the project? d. What is the project's NPV given a required rate of return of 9 percent? a. The initial cash outlay associated with this project is $ (Round to the nearest dolar.) b. The annual not cash flows associated with this project for years 1 through 4 are (Round to he noarost dollat) d. Given a required rate of return of 9%, the project's NPN is : (Round to the neareat dotiar)