Inc. just purchased a digital color printer for $360,000 to launch its 5-year project. This printer will be fully depreciated by the straight-line method over its SIX-year economic life, and will be sold for $70,000 in five years at the termination of the project. The project requires an initial NWC investment of $75,000 that Lee Inc. can recover only 90% of the amount at the termination of the project. The tax rate is 21% and the discount rate is 12%, compounded monthly. In addition, the variable cost and selling price of the book are, respectively, $20 and $25 per copy, and annual fixed costs are $150,000. Calculate the annual break-even operating cash flow of the publishing project Calculate the minimum number of copies that Lee needs to be able to sell annually to justify the acceptance of the publishing project. (a) (b) Inc. just purchased a digital color printer for $360,000 to launch its 5-year project. This printer will be fully depreciated by the straight-line method over its SIX-year economic life, and will be sold for $70,000 in five years at the termination of the project. The project requires an initial NWC investment of $75,000 that Lee Inc. can recover only 90% of the amount at the termination of the project. The tax rate is 21% and the discount rate is 12%, compounded monthly. In addition, the variable cost and selling price of the book are, respectively, $20 and $25 per copy, and annual fixed costs are $150,000. Calculate the annual break-even operating cash flow of the publishing project Calculate the minimum number of copies that Lee needs to be able to sell annually to justify the acceptance of the publishing project. (a) (b)