$($Estimated time allowance: $25$ minutes$)$ UpFour Corp. is planning to launch a new medium$-$price printer. This project will last $10$ years. The projected sales for the new line of printers are $500$ units a year. The sales price is $$300$ per printer and the variable costs are $70\%$ of sales price. Fixed costs are $$40,000$ annually.

The equipment required for producing the new line of printers costs $$100,000($today$)$ and will be depreciated down to zero over $20$ years using straight$-$line depreciation. The equipment is sold for $$40,000$ at the end of $10$ years. Net working capital increases by $$20,000$ at the beginning of the project $($year $0)$ and it is reduced back to its original level in the final year. The tax rate is $20$ percent and the discounting rate for the project is $10\%.$

Use the above information to answer the following $8$ questions $($filling in the blanks$).$ When answering the questions, DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest $1000$ in order to give room for rounding errors $($do not enter decimals$)$ for example if you obtain $$1,201,605\mathrm{.}83$ then enter $1,200$; if you obtain $$80,205\mathrm{.}79$ then enter $80$

$1.$ What is the Earnings before Interests, taxes, and Depreciation $($EBITDA$)$ for the project in year $1?($round to nearest thousand and no decimals; do not enter $ sign$)$

$\_\_\_\_\_\_\_\_2.$ What is the annual operating cash flow $($OCF$)$ for the project in year $1?($round to nearest thousand and no decimals; do not enter $ sign$)$

$\_\_\_\_\_\_\_\_3.$ What is the book value for the equipment at the end of year $10?($round to nearest thousand and no decimals; do not enter $ sign$)$

$\_\_\_\_\_\_\_\_4.$ What is the after$-$tax cash flow of the equipment at disposal $($salvage$)?($round to nearest thousand and no decimals; do not enter $ sign$)$

$\_\_\_\_\_\_\_\_5.$ What is the incremental cash flow at the end of year $10?($round to nearest thousand and no decimals; do not enter $ sign$)$

$\_\_\_\_\_\_\_\_6.$ What is the incremental cash flow of the project $($initial outlay or IO$)$ at year $0?($round to nearest thousand and no decimals; do not enter $ sign$)\_\_\_\_\_\_\_\_7.$ What is the Net Present Value $($NPV$)$ for this project? $**$ Please round to nearest million in order to accommodate for rounding errors. Example: if you obtain $$11,245,678$ then enter $11($do not enter $ sign$)\_\_\_\_\_\_\_\_8.$ The project should be rejected or accepted? In your response only type either accepted or rejected $\_\_\_\_\_\_\_\_$

Please show formulas and work.