Question 20 7.5 pts What is the cash flow from assets (project cash flow) in year ONE for this project? The project requires buying a piece of new equipment costing $300,000, which will be depreciated straight-line to zero over 3 years. At the end of the third year of operation, the equipment will be sold for $100,000. The new project will generate $500,000 in annual sales and incur $200,000 in annual cost excluding depreciation for each of the next three years. The project also requires an immediate investment in net working capital of $100,000, which will be fully recovered at the end of three years. The average tax rate for the company is 40%. $120,000 $380,000 $300,000 $220,000