New$-$Project Analysis

a$.$ What is the Year$-0$ net cash flow?

$

b$.$ What are the net operating cash flows in Years $1,2,$ and $3?$ Do not include recovery of NWC or salvage value in Year $3\text{'}$s calculation here.

Year $1$: $

Year $2$: $,$$

Year $3$: $

C$.$ What is the additional cash flow in Year $3$ from NWC and salvage?

$

d$.$ If the project's cost of capital is $11\%,$ what is the NPV of the project? $.$

$

Should the chromatograph be purchased?