Keene, Inc., IS Considering a new four-year expansion project that requires an initial fixed asset investment of $3.0 million. The project is estimated to generate $2,200,000 in annual sales, with costs of $800,000. The tax rate is 35 percent. The project requires an initial investment in net working capital of $100,000 of which 90% will be recovered at the end of the project. The fixed asset will have a market value of $300,000 at the end of the project. The discount rate for the project is 14%. uses SIA Sleprcinto the . heather ion ekenen E come fshe prej Mpoints If the company uses the MACRS, what is the NPU project? 7.10 a. (2 points) What is the depreciation expense each year if the company decides to depreciate the asset using bonus depreciation? b. (4 points) If the company uses bonus depreciation, what is the OCF each year for the project? c. (4 points) If the company uses bonus depreciation, what is the NPV of the project