Please correct the following

This window shows what is correct and incorrect for the work you have completed so far Even if all of the work you have done so far is correct, you may not have completed everything 11. 600 polns value: Case 11-32 Net Present Value Analysis of a New Product [LO11-2 Matheson Electronics has just developed a new electronic device that it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the following information a. New equipment would have to be acquired to produce the device. The equipment would cost $216,000 and have a six-year useful life. After six years, it would have a salvage value of about $12,000 b. Sales in units over the next six years are projected to be as follows s in 10,000 15,000 17,000 19,000 4-6 c. Production and sales of the device would require working capital of $53,000 to finance accounts receivable, inventories, and day-to-day cash needs. This working capital would be released at the end of d. The devices would sell for $55 each; variable costs for production, administration, and sales would be e Fixed costs for salaries, mantenance, property taxes, insurance, and straight-line depreciation on the f. To gain rapid entry into the market, the company would have to advertise heavily. The advertising the project's life $40 per unit equipment would total $120,000 per year, (Depreciation is based on cost less salvage value. ) program would be: Amount of Year 1-2 82,000 S 62,000 S 52,000 4-6 g The company's requred rate of return is 14%. Click here to view Exhibit 118-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required: 1. Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from sale of the device for each year over the next six years Answer is complete but not entirely correct. Year 1 Year 2 Year 3 Year 4.6 Sales in units 10,000 15,000 17,000 19,000 Sales in dollars 550,000 s 825,000 S 935,000