(Estimated time allowance: 17 minutes) Funzy corp. has decided to sell a new line of TVs. The firm has also spent $2.5 million in research and development for the new TVs. It is estimated that the new TVs will sell for $730 per unit and have a variable cost of $310 per unit. The firm has spent $1 million in market research for these new TVs. It is concluded in this study that the firm can easily sell 50,000 TVs in each of the following ten years. As part of the research, it was found that the firm is very likely to lose sales of 9,000 units of its existing high-priced TVs. These TVs currently sell for $1100 each and have variable costs of \$630. On the positive side, the study also revealed that the firm will increase sales of its cheap TVs by 15,000 units. The cheap TVs sell for $280 and have variable costs of $130 per set. The fixed costs each year will be $8 million. Annual depreciation is $2 million and there are no interests expenses. The corporate tax rate is 20%. What is the annual net income (NI)? Enter your answer en milthons, e.g if you obtain 52300,000 rhen enter 2:30, if your answer is $3,000.000 then enter 3.00 Your Answer: (Estimated time allowance: 4 minutes) Compute the remaining book value (RBV) of an equipment at end of year 2. The equipment costs $1,000,000 today. The equipment is considered for tax purposes as a 5-year MACRS class. The MACRS table is provided in excel in this problem, just click here For your answer round to nearest dollar, do not use commas to separate thousands, do not use the $sign