Ex-C Your company is considering the development of a new product. In evaluating the proposed project, your company has collected the following information: The company estimates that the project will last for five years. O The company will need to purchase new machinery that has an up-front cost of $350 million. The machinery will be depreciated on a straight-line basis to zero over five years. The project will require a $50 million investment in inventory. At the end of the project, the working capital will have been completely recovered. The company estimates that sales of the new product will be $220 million each of the next five years. The operating costs, excluding depreciation, are expected to be $100 million each year. The company tax rate is 30%, and the project's required rate of return is 10%. a) What is the net present value of the project? b) What would be the effect of a sale of the asset for $50 million at the end of the project