Related to checkpoint 12.1) (Calculating project cash flows and NPV) You are considering expanding your product line that currently consists of abords to include a powered boards, and you feel you can 11,000 of these per year for 10 years after which time this project is expected to shut down with solar powered Skateboards taking over). The gas skateboards would sel for 5110 each with variable costs of $30 for each one producedand annual fed costs associated with production would be $180,000. In addition, there would be a $1,100,000 na expenditure stocated with the purchase of new production equipment. It is assumed that this initial expenditure will be depreciated using the simplified straight line method down to er over 10 years. The project will require a one-timental Investment of $40,000 in net working capital associated with inventory, and this working capital investment will be recovered when the project is shut down. Finally, assume that the firm's marginal taxe 33 percent What is the initial cash outlay associated with this project? b. What are the annualne cash flows associated with this project for years through . What is the terminal cash flow in year 10 (that is what is in free cash flow in year 10 plus wynaditional cash flows associated with termination of the project What is the projects NPV given a required rate of return of 9 percent? The initial cash outlay associated with this project is Round to the nearest dolls