DEl's tax rate is $21$ percent. The project requires $$880,000$ in initial net working capital investment to get operational.

a$.$ Calculate the project's Time $0$ cash flow, taking into account all side effects. Assume that any NWC raised does not require floatation costs.

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e$.$g$.,1,234,567.$

b$.$ The new RDS project is somewhat riskier than a typical project for DEI, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of $+2$ percent to account for this increased riskiness. Calculate the appropriate discount rate to use when evaluating DEl's project.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ The manufacturing plant has an eight$-$year tax life, and DEI uses straight$-$line depreciation. At the end of the project $($i$.$e$.,$ the end of Year $5),$ the plant can be scrapped for $$1\mathrm{.}61$ million. What is the aftertax salvage value of this manufacturing plant?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e$.$g$.,1,234,567.$

d$.$ The company will incur $$2,410,000$ in annual fixed costs. The plan is to manufacture $14,100$ RDSs per year and sell them at $$11,500$ per machine; the variable production costs are $$10,700$ per RDS$.$ What is the annual operating cash flow, OCF, from this project?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e$.$g$.,1,234,567.$

e$.$ Calculate the project's net present value.

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89$

f$.$ Calculate the project's internal rate of return.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Time $0$ cash flow,$$,70ox,],[$b$.$ Discount rate,$13\mathrm{.}57ox,\%,],[$c$.$ Aftertax salvage value,$$,907,400ox,],[$d$.$ Operating cash flow,$$,8,870,000ox,],[$e$.$ NPV$,$$$,6,762,413\mathrm{.}08ox,],[$f$.$ IRR,,$17\mathrm{.}41,\%$