Shue Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $25,200, and the company expects to sell 1,690 per year. The company currently sells 2,040 units of its existing model per year. If the new model is introduced, sales of the existing model will fall to 1,710 units per year. The old board retails for $23,600. Variable costs are 58 percent of sales, depreciation on the equipment to produce the new board will be $735,000 per year, and fixed costs are $3,375,000 per year. If the tax rate is 24 percent, what is the annual OCF for the project? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32 . Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,400,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $3,250,000 in annual sales, with costs of $2,270,000. Assume the tax rate is 22 percent and the required return on the project is 10 percent. What is the project's NPV? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16 Dog Up! Franks is looking at a new sausage system with an installed cost of $690,000. This cost will be depreciated straight-line to zero over the project's 5-year life, at the end of which the sausage system can be scrapped for $92,000. The sausage system will save the firm $224,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $49,000. If the tax rate is 22 percent and the discount rate is 11 percent, what is the NPV of this project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16