L. Jack in Bedford, NY is considering expanding his magle shonw besine a roua sta. The special truck he needs costs $90,000. He can deprecisate the truclk end of five years, the projest will ternitate on a straight line basis over five years. At the and he ex and operating ex pects to sell the truck for S23 000, Jack expects annual revenues obe SS penses to be $80,000 per year. The business will require sn initial investment in working capital of s9,000 and thereafter working capital requirements are expected to remain constant a. If the marginal tax rate for this business is 40%, calculate the operating cash flows for the project in each of years 1-5. (10 points) Calculate the terminal cash flows, or the special cash flows that occur in the last year of the project (year 5). (6 points) b. c. C e project eash fnows, or the sum of initial investment, OCE, investment ring capital, and terminal cash flows of any) in each of years 0-5. (10 point) Calculate the NPV and IRR for the project based on the cash flows estimated in part (c) assuming that the discount rate is 22%. (6 points) d