generated by a new fad product are forecast as follows s6e, eee 30,000 Thereafter1, 009 Expenses are expected to be 50% of revenues, and working capital required in each year is expected to be% of revenues in the following year. The product requires an immediate investment of $54,000 in plant and equipment a. What is the initial investment in the product? Remember working capital b. If the plant and equipment are depreciated over 4 years to a salvage value of zero using streignt-line depreclation, and ther's a rate is 20%, what are the project cash flows in eacn year? Assume the plant ena ecu ione t ve womessat the end of 4 yer, D. not round Intermedlate caleulations.) (Do Cash Flow c. If the opportunity cost of capital is 10%, what is the project's NPV? (A negative value should be Indicated by a minus sign. Do not round Intermedlate calculations. Round your answer to 2 declmal places) es NPV at is project IRR? (Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 declmal places) IRR