Prasad, I really appreciate your effort but I need someone else to help me because most of the answers you gave me were wrongs.

Revenues generated by a new fad product are forecast as follows: Year Revenues 2 3 4 Thereafter 1$40,000 30,000 10,000 5,000 0 Expenses are expected to be 40% of revenues, and working capital required in each year is expected to be 20% of revenues in the following year. The product requires an immediate investment of $42,000 in plant and equipment a. What is the initial investment in the product? Remember working capital. 50000 Initial investment b. If the plant and equipment are depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm's tax rate is 20%, what are the project cash flows in each year? (Enter your answers in thousands of dollars. Do not round intermediate calculations. Round your answers to 2 decimal places.) Year Cash Flow $22600 2 3 4 16000.0 8800.00 6000.00 C. If the opportunity cost of capital is 10%, what is project NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations Round your answer to 2 decimal places.) NPV d. What is project IRR? (Do not round intermediate calculations. Round your answer to 2 decimal places.) IRR