(Related to Checkpoint 12.1) (Calculating project cash flows and NPV) You are considering expanding your product lino that currently consists of skateboards io include gos powered skateboards, and you feel you can sell 12,000 of these per vear for 10 years (after which fime this project is expeciod to shut down with solar-powered skateboards taking ove) The gas skateboards would sell for $20 each with variable costs of $35 for each one produced, and annuar fixed costs associated weh production would be $200,000 in addition, there would be a $1,300,000 initial expenditure assoclated with the purchase of now production equipment. If is assumed that this inilial expendture will be associated with irventory, and this working capital imestment wil be recovered whien the project is shat down. Finally, assume that the firm's marginal tax rate is 30 percant a. What is the intiat cash outay associated whth this project? b. What are the annual net cash flows associated with this project for years 1 through 9 ? c. What is the terminal casth flow in year 10 (that is, what is the free cash flow in year 10 plas any additional cash flows astociated with termination of the propecti? d. What is the projecis NPV given a required rate of retum of 11 percent? a. The invial cash outiay ausocisted when this projoct is? (Round to the nearost dolat)