Need income statement and cash flow statement. Show annualized entries for revenue, itemized expenses taxable income, taxes, investment activities and net cash flow.

Indicate if the annual cash flow is simple or non-simple. Report the Present worth and IRR. If non-simple report MIRR analysis. Does it meet the MARR requirement.

Company, Lakeview Products, is considering a new injection molding machine. uses MARR of 10%, effective income tax rate is 24%. The injection molding machine would depreciate using 7-year MACRS. Useful life: 8 years.

Project Gold data: Equipment cost: The purchase cost is $320,000 before taxes. The purchase is subject to 5 % sales tax. The total cost of the freight and handling of the machine is expected to be $26,000. The total cost to install the machine is $18,000. Total testing and startup costs to place the injection molding machine into service are estimated to be $14,000. It is estimated that the injection molding machine can be sold as salvage for $90,000 at the end of the project. Operating costs: This machine requires two operators working per shift and there are two shifts. The cost of each operator is $24.00 per hour and they each work 2000 hours per year. There are two shifts and each shift runs 2000 hours per year. Total annual direct materials are estimated at $410,000. Manufacturing overhead exclusive of depreciation is expected to be an additional $170,000 per year. Revenues: Expected to be $900,000 each year starting year 1 using this machine throughout the project. Project Gold data: Equipment cost: The purchase cost is $320,000 before taxes. The purchase is subject to 5 % sales tax. The total cost of the freight and handling of the machine is expected to be $26,000. The total cost to install the machine is $18,000. Total testing and startup costs to place the injection molding machine into service are estimated to be $14,000. It is estimated that the injection molding machine can be sold as salvage for $90,000 at the end of the project. Operating costs: This machine requires two operators working per shift and there are two shifts. The cost of each operator is $24.00 per hour and they each work 2000 hours per year. There are two shifts and each shift runs 2000 hours per year. Total annual direct materials are estimated at $410,000. Manufacturing overhead exclusive of depreciation is expected to be an additional $170,000 per year. Revenues: Expected to be $900,000 each year starting year 1 using this machine throughout the project