Please answer questions 1-4 based on the following information: Meredith Grey Bookstores is considering a major expansion of its business. The details of the proposed expansion project are summarized below: The company will have to purchase $500,000 in equipment and another modification costs of $20,000 at t = 0. . The project has an economic life of three years. The equipment can be depreciated on a MACRS 3-year basis, which implies the following depreciation schedule: MACRS Depreciation Year Rates 0.33 0.45 0.15 0.07 . At t = 0, the project an increase in net operating net working capital of $60,000. The change in net operating working capital is expected to be fully recovered at t = 3. The equipment will be sold after three years for $40,000. The company forecasts that the project will generate $800,000 in sales the first two years (t = 1 and 2) and $500,000 in sales during the last year (t = 3). . Each year the project's operating costs excluding depreciation are expected to be 60% of sales revenue. . The company's tax rate is 40%. . The project's cost of capital is 10%. What is CFFA at year 0? AWN 1) -$540,000 2) - $560,000 3) -$570,000 4) -$580,000