please correct my answers

Frito Lay is considering a new line of potato chips. This will be a two year project. a. Frito Lay paid $1,000,000 last year to a winning person who thought of the new line of potato chips. b. New equipment for the factory line will cost $12,000,000 and depreciation is by the 7-year MACRS method. Purchase of the equipment will require an increase in net working capital of $700,000 at time 0 (which will be recaptured at the end of the project) c. The new potato chips will generate an additional $6,000,000 in revenues in the first year and $4,000,000 in revenues in the second year. d. In addition to the additional revenues outlined in c. The new potato chips will decrease existing chip line revenues by $2,000,000 the first year and $500,000 in the second year. e. The new project is estimated to have expenses of $150,000 each year. f. At the conclusion of the project, the equipment can be sold for $7,500,000 g. The firm's marginal tax rate is 21 percent, and the project's cost of capital is 10 percent g. The firm's marginal tax rate is 21 percent, and the project's cost of capital is 10 percent. The following is the MACRS Depreciation Table: Year 3-year 5-year 7-year 1 33.33% 20.00% 14.29% 2 44.44% 32.00% 24.49% 3 14.82% 19.20% 17.49% 7.41% 11.52% 12.49% 5 11.52% 8.93% 6 5.76% 8.93% 7 8.93% Question 1 (1 point) Saved What is the depreciation expense in Year 1 (in $s)? $2,400,000 A Question 2 (1 point) Saved What is the depreciation expense in Year 2 (in $s)? $3,840,000 A Question 3 (1 point) Saved What is the after tax salvage value of the equipment at the end of year 2 $7,134,600 AJ Question 4 (1 point) Saved What is the terminal cash flow (the last cash flow of the project not including the OCF)? $7,834,600 A/ Question 5 (1 point) Saved What is the initial investment in this project (enter as a negative number)? $12,700,000 AJ Question 6 (1 point) Saved What is the after tax OCF in year 1? $3,545,500 A Question 7 (1 point) Saved What is the after tax OCF in year 2? $3,452,900 A/ Question 8 (1 point) Saved What is the project's NPV? $148,306 Question 9 (1 point) Saved What is the project's IRR? -0.67% A