Initial Equipment Project Life Sales $61,000 3 Years $55,000 $25,000 $10,000 28% Variable Costs Fixed Costs 10% Tax rate Cost of Capital Ending Book Valu Sales Price at Year Net Working Capi $10,000 $5,000 $10,000 15 Calculate the initial cost 16 calculate the operating cash flow 17 calculate the terminal non-operating cash flow 18 calculate the npv