Drilling-Easy (DE) Inc. currently has two products, low-priced drills and a line of smart drill bits. DE Inc. has decided to sell a new line of high-priced drills. Sales for the new line of drills are estimated at $22 million a year. Annual variable costs are 60 % of sales. The project is expected to last 5 years. marketing and research study that determined the company willl gain $11 million in sales a year addition to the production variable costs, the fixed costs each year will be $2,000,000. The company has spent $1,500,000 in a f its existing line of smart drill bits. The production variable cost of these sales is $9 million a year. The plant and sold for S5 000 000 at the end of the proiect The proiect will also require an increase in net working canital of $2.000 000 today that will be returned at the end of the proiect The tax rate is 20 percent and the require rate of retum for this project is 12%. a. What is the initial outlay (IO) for this project? separate thousands and millions, Use negative sian for negative cash flows - do not use parenthesis), The Initial Outlay is $(Round your answer to the nearest dollar - no decimals - and commas are required b. What is the operating cash flows (OCF) for each of the years for this project? The OCF for each year of the project are $(Round your answer to the nearest dollar - no decimals and commas are required to separate thousands and millions. Use negative sign for negative cash flows do not use parenthesis). What is the termination value (TV) cash flow (aka recovery cost or after-tax salvage value, the project? liquidation value the assets) t the end The termination value at the end of the project is S - do not use parenthesis). (Round your answer the nearest dollar -no decimals - and commas are required to separate thousands and millions. Use negative sign for negative cash flows d. What is the NPV of this project? The NPV of this project is $- (Round your answer to the nearest dollar- no decimals and commas are required to separate thousands and millions. Use negative sign for negative cash flows do not use