Question 19-20. O Blue Coffee Co. is considering a new 3-year project. The new project requires initial investment of 240,000 for new machine. The machine is straight-line depreciated to zero over the next three years. The project is expected to increase the company's sales by $501,000 and the costs by $240,000 each year. This new project is expected to increase interest expenses by $20,000 per year. The tax rate is 35%. 19. (6 points) What is the projected net income in Year 1? Prepare a pro-forma income statement of Year 1. 20. (6 points) Calculate the depreciation tax shield (tax saving from depreciation expense) in Year 1? 21. (6 points) A project has an accounting break-even point of 6,087 units. The fixed costs are $154,800 and the projected variable cost (v) per unit is $31.16. The project will require $524,000 for fixed assets which will be depreciated straight-line to zero over the project's 4-year life. What is the projected sales price per unit (p)