Part II: Capital Budgeting (60 points) Your company is considering various Capital Budgeting Projects. Complete the calculations below. Use the following assumptions from a project to solve Problems 17 thru 22. The project will require the purchase of land costing $100,000 The project will require construction of a building costing $1,600,000 with a 40-year depreciable life. The project will require manufacturing equipment costing $4,000,000 with a 10-year depreciable life. The project will require high-tech equipment costing $2,100,000 with a 3-year depreciable life. The project will require an investment of $200,000 in Net Working Capital. The project will require Start-Up Fees of $300,000 that will be capitalized with a 3-year amortization The company will terminate the project after 5 years. Use the straight-line (S/L) method for all depreciation and amortization schedules Enter all answers for 17 thru 22 as a whole number, ROUND to the nearest whole dollar (i.e., DO NOT use cents), and DO NOT use the $ sign. Commas are optional (but you are advised to use them). I 17. What is the total amount of the Initial Investment (Hard and Soft cost combined)? (2 points) 18. What is the Annual Depreciation Expense for the Land? (2 points) 19. What is the Annual straight-line Depreciation Expense for the Building? (2 points) 20. What is the Annual straight-line Depreciation Expense for the Manufacturing Equipment? (2 points) 21. What is the Annual straight-line Depreciation Expense for the High-Tech Equipment? (2 points) 22. What is the Annual straight-line Amortization Expense of the Start-up Fees? (2 points)