Revenues generated by a new fad product are forecast as follows: Year 1 Revenue: $40,000 Year 2 Revenue: $30,000 Year 3 Revenue: $20,000 Year 4 Revenue: $10,000 No revenues will be generated after the fourth year. Expenses are expected to be 40 percent of revenues, and working capital required in each year is expected to be 20 percent of revenues in the following year. So, at time t=0 the project requires $40,0000.20=$8, 000 in working capital. The product requires an immediate investment of $50,000 in plant and equipment. a. If the plant and equipment are depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm's tax rate is 40 percent, what are the project's free cash flows in each year? ( 5 points) FCF1= FCF2= FCF3= FCF4= b. If the opportunity cost of capital is 10 percent, what is project's NPV? (1 point)