NRG, LLC is considering a project that requires an initial investment of $500,000 for equipment which will be depreciated straight-line over five years plus the equipment has a $50,000 shipping & handling fee. The project will need an additional $100,000 in net operating working capital over the life of the project. First year sales are expected to be $1,000,000 with sales increasing by 5% each subsequent year. Costs (other than depreciation) are expected to be $800,000 in the first year with costs increasing by 3% each year thereafter. NRG's tax rate is 30%. At the end of four years, NRG expects to end the project and sell the used equipment for $150,000. Determine the time one cash flows. $63,000 $140,000 $173,000 $200,000