expenses are expected to be 40% of revenues and working capital required in each year is expected to be 20% of revenues in the following year the product requires and immediate investment of $45,000 in plant and equipment year revenues 1 $40,000 2 30,000 3 20,000 4 10,000 thereafter 0 a. what is the initial investment of the product, remember working capital b. if the plant and equipment are deprecated over four year to a salvage value of 0 using straight line depreciation and the firms tax rate is 40% what are the project cash flows in each year. C. if the opportunity cost of capital is 12% what is project NPV D. what is project IRR