Project cash flow and NPV$.$ The managers of Classic Autos Incorporated plan to manufacture classic Thunderbirds $(1957$ replicas$).$ The necessary foundry equipment will cost a total of $$4,400,000$ and will be depreciated using a five$-$year MACRS life, The sales manager has an estimate for the sale of the classic Thunderbirds. The annual sales volume will be as follows:

Year one: $240$

Year four: $360$

Year two: $290$

Year five: $320$

Year three: $350$

If the sales price is $$28,000$ per car, variable costs are $$18,000$ per car, and fixed costs are $$1,400,000$ annually, what is the annual operating cash flow if the tax rate is $30\%?$ The equipment is sold for salvage for $$500,000$ at the end of year five. Net working capital increases by $$500,000$ at the beginning of the project $($year $0)$ and is reduced back to its original level in the final year. Find the internal rate of return for the project using the incremental cash

First, what is the annual operating cash flow of the project for year $1?$

$ $($Round to the nearest dollar.$)$

What is the annual operating cash flow of the project for year $2?$

$ $($Round to the nearest dollar.$)$

What is the annual oneratina cash flow of the proiect for vear $3?$

What is the annual operating cash flow of the project for year $4?$

$ $($Round to the nearest dollar.$)$

What is the annual operating cash flow of the project for year $5?$

Next, what is the after$-$tax cash flow of the equipment at disposal?

$ $($Round to the nearest dollar.$)$

Then, what is the incremental cash flow of the project in year $0?$

What is the incremental cash flow of the project in year $1?$

$ $($Round to the nearest dollar.$)$

What is the incremental cash flow of the proiect in vear $2?$

What is the incremental cash flow of the project in year $3?$

$($Round to the nearest dollar.$)$

What is the incremental cash flow of the proiect in vear $4?$

What is the incremental cash flow of the project in year $5?$

$ $($Round to the nearest dollar.$)$

So$,$ what is the IRR of the project?

Data table

table

$\backslash$table$[[$Year$,3-$Year,$5-$Year,$7-$Year,$10$ Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%,10\mathrm{.}00\%$