Lu Homework: Discount Cash-Flow x Question 8 - Homework: Discour X Johnny's Lunches is consider p.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252 Worldwi... Shalimar Weather -.. G Google https://searchsafe.n... New Tab Bookmarks ork: Discount Cash-Flow Analysis Assignment i Saved Expenses are expected to be 50% of revenues, and working capital required in each year is expected to be 20% of revenues in the following year. The product requires an immediate investment of $48,000 in plant and equipment. Required: a. What is the initial investment in the product? Remember working capital. b. If the plant and equipment are depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm's tax rate is 40%, what are the project cash flows in each year? Assume the plant and equipment are worthless at the end of 4 years. ped c. If the opportunity cost of capital is 15%, what is the project's NPV? d. What is project IRR? DOK Complete this question by entering your answers in the tabs below. rint Req A Req B Req C and D What is the initial investment in the product? Remember working capital. Initial investment Req B >