Related to Checkpoint 12.1) (Calculating project cash flows and NPV) You are considering expanding your product Ine that currently consists of skalobcards to include gas-powered skoteboords, and you feel you can seil 7,000 of thete per year for 10 years (ather which bime this projoct is expected to shut down with solar-powered skateboards taking over). The gas skateboards would sell for $70 each wati variable costs of $30 - for each one produced, and annual fixed coss associated with production would be $180,000. In addifion, there would be a $1,300,000 intial rears. The project will also require a one-6me initial investment of $80,000 in net working capital associated with invertory, and this working capital imvestment wil be recovered when the projoct is hat down. Finaly, assume that the frm's marginal tax rale is 30 peconot. What is the initial cosh outlay associsted woh this project? What are the annual net cash flows associated with this project for years 1 theough 9 ? 2. What is the terminal cas flow in year 10 (enat a, what is the free cant flow in yoar 10 plus any additonal cash flows associated with lermination of the project)? 1. What is the propects NPV given a required rate of return of 7 percent? a. The initial cash outay associated with this project is $ (Round to the nearest dolar) b. The annual not cash flows associsted with this project for years 1 through 9 are ? (Round to the nearest dolar) c. The terminal cash flow in year 10 (that is, the free cash fow in year 10 plus any additonal cash flows associated with termination of the project) is: (Round to the nearest dolar) d. Given a required rato of return of 7%, the project's NPV is 5 (Round to the nearest dolser)