Class time: TTH 9 NPV (55 points) Your company is undertaking a new project. A building was purchased 10 years ago for value) over 30 years. It is now worth $200,000. S650,000 depreciated straight line to $50,000 (ie, the land The project requires improvements to the building of $100,000. The improvements are depreciated straight line to zero over the life of the proiest The project will generate revenues of $225,000, $250,000, $275,000 and $300,000 for years 1-4, respectively. Annual cash operating expenses are $100,000, $110,000, $130,000 and $150,000, respectively The project will last 4 years, at which time the building will be sold for book value. Taxes are 40% and rate of return is 10%. co al depreciation on the building and inprovements s points) b. Show projected annual income statements for years 1,2,3,4. (5 points)