Question 5 (1 point) Alpha company expects to invest in a new line of football shoes. Here are the detailed projections: sales per year = 15,000 units @ $100 per unit; variable costs = $40 per unit; fixed costs $20,000 per year; initial investment = $2,000,000; interest expense = $12,000 per year; project life = 10 years. CCA rate is 30%, Tax rate is 35%, and discount rate is 10%. What is the net income for this project in the third year? $833,000 $357,000 $300,000 $332,150 $599,280