Please solve and explain

Louie's Leisure Products is considering a project which will require the purchase of $1.3 million in new equipment. Shipping and installation will be an additional S100,000. For tax purposes, the equipment will be depreciated simplified straight-line over the 7-year life of the project. The expected sales from this project is 1.2 million a year. Net working capital equal to 20 percent of sales will be required to support the project. What is the depreciation expense of this project in Year 4? Round to the nearest penny. Do not include a dollar sign in your answer You are a part of a finance team in a firm, and you were asked by your boss to estimate the annual cash flows of a project. You estimated that the annual sales and costs of this project is S150,000 and $25,000 respectively. In order to start the project, the firm needs to invest in S300,000 in new equipment including shipping and installation, and $30,000 in working capital. The life of this asset is 3 years, and the project will be terminated after 3 years of operations. The equipmetn will depreciate via simplified straight-line method, and the estimated market value of the machine in 3 years is $20,000. The firm has a marginal tax rate of 22%. What is the total annual cash flow of the first year of this project? Round to the nearest penny. Do not include a dollar sign in your