indefinite life expectancy, you expect to save the cost of electricity for perpetuity. Use the information you have gathered to determine the following: a. The initial cash flow. b. The periodic cash flow for the first ten years. c. Terminal cash flow for year ten using a discount rate of 4%. d. The net present value (NPV) of the project cash flows using a discount rate of 4%. using a five-year recovery period. The firm is subject to a 40% tax Wells Printing's cost of capital is 10.6%. (Note: Assume that the old and the new presses will each have a terminal value of $0 at the end of a. Determine the initial cash flow required by the new press. b. Determine the periodic cash inflows attributable to the new press. (Note: Be sure to consider the depreciation in year 6 . c. Determine the payback period. d. Determine the net present value (NPV) and the internal rate of return (IRR) related to the proposed new press. Data table e. Make a recommendation to accept or reject the new press, and justify your answer. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) a. Determine the initial cash flow required by the new press. Rounded Depreciation Percentages by Recovery Year Using MACRS for Calculate the initial cash flow will be: (Round to the nearest dollar.) First Four Property Classes