Problem. Blair Corp. is thinking about expanding its facilities and is considering the following information: The expansion will require the company to purchase today (0) 55 million of equipment The equipment will be depreciated over the following four years at the following rates: 33,45.15. and .07 in years 1. 2. 3. 4. respectively. the expansion will require the company to increase its not operating working capital by $500,000 today ( 10). This net operating working capital will be recovered at the end of four years ( 4). The company spent $200,000 on planning this expansion. The initial equipment installation will cost $300,000. The equipment is expected to have salvage value of $125.000 at the end of four years. The operating costs, excluding depreciation, are expected to be 60% of the company's annual sales. -The expansion will increase the company's dollar sales. The projected increases, all relative to current sales are: 3, 3.5, 4, and 4.5 (in S-millions) in years 1, 2, 3, 4, respectively. (For example, in year 4 sales will be $4.5 million more than they would have been had the project not been undertaken.). After the fourth year, the equipment will be obsolete, and will no longer provide any additional incremental sales. *The company is taxed at 40%, the company's other divisions are expected to have positive tax liabilities throughout the project's life, and the project's WACC is 10%. For the project, what is (a) the initial cash outlay, (b) the terminal cash flow. (c) the operating cash flow in year 1, and (d) the operating cash flow in year 3