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Sawtooth Machinery is considering a 4-year project to manufacture a new line of chainsaws. The project requires an investment of $760,000 and will generate S380,000

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Sawtooth Machinery is considering a 4-year project to manufacture a new line of chainsaws. The project requires an investment of $760,000 and will generate S380,000 per year before interest, taxes, and depreciation. The investment will be depreciated straight line to zero over four years. The tax and equity is 13%. Sawtooth will borrow 40% of the project value at 6%. Debt will be paid down in one lump sum payment in the a) What are the unlevered cash flows in years 0 through year 4?(8 points t if it were all equity financed? (8 points)

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