(Felated to Checkpoint 12.1) (Calculating projeet cash flows and NPV) You are considering expanding your product line that currenty consists of skateboards to include gas-powered skabeboerds. and you tool you can sel 9,000 of these por year for 10 years (atler which time this project is expected to shut down with solar-powered skateboards taking over). The gas skatebourds would sell for $110 esch with variable costs of $30 for each one produced, and annual fixed costs associated with production would be $200,000. In addition, there would be a $1,500,000 initial expenditure associated with the purchase of rew production equigment. It is assumed that this initial expenditure will be depreciated using the simplified straight-ine mothod down to zero over 10 years. The project will also require a one-time initial invedtment of $60.000 in net woking capital associated with inventory, and this working capitad imvestment will be recovered when the project is shut down. Finally, assume that the fritis margial tax rate is 36 percent a. What is the initia cash outliy associated with this project? b. What are the annual net cash fows associated with this project for yeas 1 through 9 ? c. What is the berminal cash fow in year 10 (that in, what is the free cash fow in year 10 plus any additonal cash flows associated with termination of the project? d. What is the projpets Nov given a required nate of return of 12 percent? 2. The intial cash outiay associatod with this peoject is 1 (Round to the nearest dollar.)