Capstone Problems (20 Points Each) 19) Cascade, Inc., has assembled the estimates shown below relating to a proposed new product. These estimates are based on a 5-year project life, at the end of which the new equipment would be sold, working capital would revert to other r uses in the company, and the product would be discontinued. Cascade uses a discount rate of 18%. Annual cash sales $420,000 $330,000 $36,000 $200,000 $20,000 $140,000 Annual out-of-pocket cash expenses Annual depreciation on new equipment Initial cost of new equipment Salvage value of equipment in 5 years Working capital requirement Compute the net present value of the new product