please answer #1,4, 8,9,10,12,16

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jected sales of $585.000. Variable costs are 44 percent of sales, and fixed costs are $187.000; depreciation is $51.000. Prepare a pro forma income statement assuming Fill in the missing numbers and then calculate the OCF. What is the depreciation fax ONS AND PROBLEMS nnect 1. Relevant Cash Flows (L011 Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $3.6 million in anticipation of using it as a warehouse BASIC and distribution site, but the company has since decided to rent these facilities from a Questions 1-20) competitor instead. If the land were sold today, the company would net $4.1 million. The company wants to build its new manufacturing plant on this land, the plant will cost $18.1 million to build, and the site requires $950,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? Why? 2. Relevant Cash Flows (LOI) Winnebagel Corp.currently sells 20,000 motor homes per year at $97,000 each and 14,000 luxury motor coaches per year at $145,000 each. The company wants to introduce a new portable camper to fill out its product line: it hopes to sell 30,000 of these campers per year at $21,000 each. An independent consultant has determined that if the company introduces the new campers , it should boost the sales of its existing motor homes by 2,700 units per year and reduce the sales of its motor coaches by 1.300 units per year. What is the amount to use as the annual sales figure when evaluating this project? Why? 3. Calculating Projected Net Income (LOI) A proposed new investment has pepe a tax rate of 21 percent. What is the projected net income? 4. Calculating OCF L01 Consider the following income statement: Sales Costs Depreciation EBIT Tox (229 Net Income $747,300 582,600 89.300 ? ? ? shield? 5. OCY from Several Approaches to A proposed les of $17530, costs of $93.000, and den 23 percent. Calculate operating scribed in the chap minced asset! & Calculating Salvage Value [LOL] An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5,100,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? 9. Calculating Project OCF [LOL] Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1.735 million in annual sales, with costs of $650,000. If the tax rate is 21 percent, what is the OCF for this project? 10. Calculating Project NPV [LOL] In the previous problem, suppose the required return on the project is 12 percent. What is the project's NPV? 11. Calculating Project Cash Flow from Assets [LOL] In the previous problem, sup- pose the project requires an initial investment in net working capital of $250,000, and the fixed asset will have a market value of $180,000 at the end of the project. What is the project's Year 0 net cash flow? Year 12 Year 2? Year 3? What is the new NPV? 12. NPV and MACRS [L01] In the previous problem, suppose the fixed asset actually falls into the three-year MACRS class. All the other facts are the same. What is the project's Year 1 net cash flow now? Year 2? Year 3? What is the new NPV? 13. NPV and Bonus Depreciation [LOL] In the previous problem, suppose the fixed asset actually qualifies for 100 percent bonus depreciation in the first year. All the other facts are the same. What is the project's Year net cash flow now? Year 2? Year 3? What is the new NPV? 14. Project Evaluation [LOL] Dog Up! Franks is looking at a new sausage system with an installed cost of $460,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be Scrapped for $55,000. The sausage system will save the firm $155,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $29,000. If the tax rate is 21 percent and the discount rate is 10 percent what is the NPV of this project? NPV and Bonus Depreciation (LOI) in the previous problem, suppose the fixed asset actually qualifies for 100 percent bonus depreciation in the first year. What is the new NPV? 16. Project Evaluation [LOI Your firm is contemplating the purchase of a new S485.000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $35.000 at the end of that time. You will save $140,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $60,000 (this is a one-time reduction). If the tax rate is 24 percent, what is the IRR for this project? 15. In the previous problem sunnase your reained nehrn