Revenues generated by a new fad product are forecast as follows:

Year Revenues

1 54000

2 30000

3 20000

4 10000

Thereafter 0

I found the initial investment being 55,400

b.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 30%, what are the project cash flows in each year? Assume the plantand equipment are worthless at the end of 4 years.(Do not round intermediate calculations.)

c.If the opportunity cost of capital is 12%, what is the project's NPV?(A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

d.What is project IRR?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)