Data for Cash Flow Estimation for an Expansion Project Cost of new equipment: $200,000 Life of the project: 5 years Depreciation for equipment: Straight-line to zero over five years Investment (increase) in net working capital: $30,000 Annual sales: $220,000 Annual cash operating expenses: $90,000 Income tax rate: 40% At the end of year five, the company will sell off the equipment for $50,000. At the end of year five, the firm will recover the net working capital investment of $30,000.

What is the total initial investment outlay in Year 0?

What is the depreciation amount in Year 1?

What is the operating income BEFORE taxes in Year 1?

What is the operating income AFTER taxes in Year 1?

What is the after-tax operating cash flow in Year 1?

What is the total terminal year after-tax non-operating cash flow?