Philips expects to invest $$20,000,000$ in new$/$plant equipment. The contract will last for $10$ years, at which point it expects its plant equipment to have a salvage value of $$10,000,000.$ They plan to finance this project using $70\%$ debt and $30\%$ equity. Their investment banker advises there are transaction costs of $1\mathrm{.}5\%$ on debt and $8\%$ on equity. Phillips expects to increase its accounts receivable by $$2,000,000,$ its inventory by $$8,000,000,$ and its accounts payable by $$3,000,000.$ It expects to sell $40,000$ units at a price of $$\frac{300}{?}$ unit, with variable cost per unit of $$190.$ It expects additional operating costs each year of $$750,000.$ Phillips tax rate is $21\%.$

What is the annual depreciation for the fixed assets of this project?

What is the firm's weighted average flotation cost? $($round to four decimal places$)$

What is the firm's flotation adjusted Initial Capital Expenditure? $($round to nearest $$100,000$

What is the projected Cash flow at Year $0?($round to nearest $$100,000)$

What is expected Cash flow Year $1-9?($round to nearest $$100,000)$

What is the expected Cash Flow of Year $10?($round to nearest $$100,000)$

What is the project's Net Present Value? $($round to nearest $$10,000)$