down. Finally, assume that the firm's marginal tax rate is 26 percent. a. What is the initial outlay associated with the project? c. What is the terminal cash flow in year 10 (that is, what is the free cash flow in year 10 plus any additional cash flows associated with the termination of the project)? d. Using the expected free cash flows, what is the project's NPV given a required rate of return of 8 percent? What would the project's NPV be if 9,000 skateboards were sold? a. What is the initial outlay associated with this project