Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $73,000 per year for 9 years. At the beginning of the project, inventory will decrease by $33,600, accounts receivables will increase by $29,800, and accounts payable will increase by $21,600. At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $315,000. The equipment will be depreciated straight-line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $92,000. What is the net present value of this project given a required return of 12.2 percent?

Bruno's Lunch Counter is expanding and expects operating cash flows of $25,300 a year for 6 years as a result. This expansion requires $77,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $6,200 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 11 percent?

Bi-Lo Traders is considering a project that will produce sales of $28,700 and have costs of $17,300. Taxes will be $3,100 and the depreciation expense will be $1,600. An initial cash outlay of $1,400 is required for net working capital. What is the project's operating cash flow?