Question 1 (3 points) Delta Inc. is evaluating a new product. The production line for the new product would be set up in an unused plant, which was purchased one year ago at $300,000. The machinery will cost $240000. The company's inventories would have to be increased by $16000 to handle the new line. The machinery is in Class 43 with a depreciation rate of 30%. The project is expected to last 3 years with estimated operating cash flows of $105000 each year. The machinery has an expected salvage value of $20000 at the end of three years. The inventories are sold for $16000 at the end of the three years. The company's tax rate is 30% and its weighted average cost of capital is 10%. What is the free cash flow at the end of year 3 (ie. non-discounted)? Round to the nearest dollar. For example, if your answer is 98765.4321, enter 98765 without the dollar sign. TNJ Corporation has pitched a project that produces a new smart watch. The project requires an investment of 998 dollars, and will generate 267 dollars for 10 years. In the 10th year, the project requires a clean up fee to wind down the project of 351 dollars. What is the NPV of the project given a cost of capital of 9.25 percent? Round your answer to the nearest dollar. For example, if your answer is 1234.56. enter 1235.