Please show and explain how to solve the following with the information provided. Thank you.

E21 19 Salvage Value 20 Market value of salvage 21 Book value of salvage 22 Taxes on sale: 23 Aftertax salvage value: 24 Electron Americas can manufacture the new smart phones for $350 each in variable costs. Fixed costs for the operation are estimated to run $4.25 million per year. The estimated sales volume is 80,000; 90,000; 120,000; 130,000; and 140,000 per year for the next five years, respectively. The unit price of the new smart phone will be $600. The necessary equipment can be purchased for $65 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $3.5 million. The effective tax rate for the company is 21%. The project requires no initial NWC investment, and it requires NWC balance equal to 15% of sales, thereafter. The required return for the project is 14%