shut down becaure solar powered siatoboards will become moee popular) yoe also recogrita lhal there is a 75 peiceent chance that you will only seill 2000 and also a 25 percent associated with production would be $130,000. In addition, there would te an initel axpendeure of 51,000.000 associted with the purches of new prodocilon equipnent. It is assumed that this initial expenditure will be depreciated using the simplified straight-ine mothod down to zoro over 12 yeant. Becaicse of the number of stotes that will need inventory, the working capital requirements are the some regardless of the fever of sates, and this project will require a one-fina initial insestrinent of S30,000 in net working capital. and that wodking-captal investment will be recovered whon the project is shut down. Finaly, assurte that the fem's marginal tax rate is 34 pertent. a. What is the initial outlay associated wht the project? b. What are the enewal frue cash flows astoclated with the project for yoars 1 throegh 9 under each sales forecest? What are the ospeclad annual fice ciah fovp for yoars 1 throogh 9 ? c. What is the torminal cash flow in yoar 10 (that is what is the free cash flow in year 10 plus any addilonal cash flows asaocated with its terminabion of the aroject)? d. Using the expected free casti flows. what is the projects N PV given a required rate of return of 8 percect? What would the projects A PV be if 11,000 skatoboardin were aok? a. What is the inilial outay assoclated wath this projoct? (Round to the nearest dollar) throdgh 9 are equall? (Round to the nearest dolar)