Question 1 5 pts . Aero Motorcycles is considering opening a new manufacturing facility in Fort Worth to meet the demand for a new line of solar-charged motorcycles (who wants to ride on a cloudy day anyway?) The proposed project has the following features: . The firm just spent $300,000 for a marketing study to determine consumer demand (@t=0). Aero Motorcycles purchased the land the factory will be built on 5 years ago for $2,000,000 and owns it outright (that is, it does not have a mortgage). The land has a current market value of $2,600,000 The project has an initial cost of $20,000,000 (excluding land, hint: the land is not subject to depreciation), If the project is undertaken at to the company will need to increase its inventories by $3,500,000, accounts receivable by $1,500,000, and its accounts payable by $2.000.000. This net operating working capital will be recovered at the end of the project's life (t - 10), If the prolects undertaken the company will realize an additional $8,000,000 in sales over each of the next ten years Ce sales in each year are $8.000.000) The company's operating cost (not including depreciation will equal 50% of sales, The company's tax rate is 35 percent. . Use a 10-year straight line depreciation schedule. Att - 10, the project is expected to cease being economically viable and the factory (Including land) will be sold for $4,500,000 (assume land has a book value equal to the original purchase price) The project's WACC - 10 percent Assume the form is profitable and able to use any tax credits the negative taxes). What is the operating cash flow @t-1? Round to nearest whole dollar value