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13. After spending $9,400 on client-development, you have just been offered a big production contract by a new client. The contract will add $205,000 to your revenues for each of the next five years and it will cost you $96,000 per year to make the additional product. You will have to use some existing equipment and buy new equipment as well. The existing equipment is fully depreciated, but could be sold for $52,000 now. If you use it in the project, it will be worthless at the end of the project. You will also buy new equipment valued at $31,000, which will be put into use in year 1 and depreciated according to the 5-year MACRS schedule. It will be worthless at the end of the project. Your current production manager earns $84,000 per year. Since she is busy with ongoing projects, you are planning to hire an assistant at $44,000 per year to help with the expansion. You will have to immediately increase your inventory from $20,000 to $30,000. It will return to $20,000 at the end of the project. Your company's tax rate is 35% and your discount rate is 14.9%. Year 0 2 3 5 5-year MACRS 6 0% 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% Complete the table. (Round all calculation results to the nearest dollar.) Year 0 1 2 3 4 5 6 Incremental Earnings Depreciation Incremental Working Capital Capital Investment Incremental Free Cash Flow [Hint: You may want to use Excel for this question.]