Giant Corporation is considering a project that requires a $1,500 initial cost for a new machine that will be depreciated by $300 per year. The project will require a one-time increase in the level of net working capital of $300 which is expected to be fully recovered at the end of the project. The project will generate an additional $1,600 in revenues and $700 in operating expenses each year. The project will end at the end of year 2, at which time the machinery is expected to be sold for $800, Giant's tax rate is 50%. In a discounted cash flow analysis of this project, what would be the projected Year 2 free cash flow? OA) $1,300 B) $1,450 C) $1,700 COD) $1,750 Giant Corporation is considering a project that requires a $1,500 initial cost for a new machine that will be depreciated by $300 per year. The project will require a one-time increase in the level of net working capital of $300 which is expected to be fully recovered at the end of the project. The project will generate an additional $1,600 in revenues and $700 in operating expenses each year. The project will end at the end of year 2, at which time the machinery is expected to be sold for $800, Giant's tax rate is 50%. In a discounted cash flow analysis of this project, what would be the projected Year 2 free cash flow? OA) $1,300 B) $1,450 C) $1,700 COD) $1,750