Please include solutions/explanations to ALL parts of question. Thank you so much in advance!

2. (5 points) Gogo Skate Inc wants to create a new line of its electric skateboards The new board would sell for $500 and the company expects to sell 100,000 per year. The company currently sells 50,000 units of its existing model per year. If the new model is introduced, sales of the existing model will fall to 20,000 units per year. The old board retails for $400. Variable costs are 75 percent of sales for both models, depreciation on the equipment to produce the new board will be $1,000,000 per year and fixed costs are $5,000,000 per year. (Assume there is no interest expense here) a. If the tax rate is 38 percent, what is the annual OCF for the project? (Hint: create the income statement to find incremental earnings before taxes and taxes amount. Then calculate the OCF.)