D Question 19 14 pts The CFO of Vandelay Industries is considering the launch of a new fuel cell powered calculator to its existing line of college supplies. The horizon of the project has been estimated to be 5 years. The machine that will manufacture the calculators costs $3 million, and will be depreciated using the straight line method to zero book value over 10 years. Projected sales are $900,000 in each year. Annual costs are estimated to we $100,000. The CFO believes that the machine can be sold at the end of the project for $1,500,000. Working capital requirements are estimated to be constant at $100,000 in each year starting today, but going to zero in the final year (ie you recover your working capital). The tax rate is 20%. A. What is the cash flow today if the project is undertaken? B. What is the cash flow of the project in its last year? C. Draw the timeline (or table) of cash flows for the project. (5 points) D. What is the NPV of the project if the discount rate is 10%? Bonus (2 points): Assuming calculators are sold for $100/unit, it costs $15 to make each calculator, and there are fixed costs of $50,000 per year, what is the economic break even number of units? (DO THIS LAST, NO PARTIAL CREDIT!)