Cost of new machine $850,000. Shipping & installation will be $50,000. $300,000 in net working capital required. Simplified using straight method with zero salvage value Annual fixed cost by $800,000. Operating or variable costs is $85 per unit production. Expected sales 1000 unit per year for 10 years at selling price $250 per unit. Cost of capital = 8%, marginal tax rate = 34%. Question: Calculate the initial outlay for this project. Culculate annual after-tax cash flows associated with this project for year 1 through 9, and the terminal cash flow in year 10.