Smith and Sons Inc. Are determining the viability of a new product line. The new Product will Require a $280,000 piece of equipment. Shipping and installation will cost $20,000. The equipment has a 3-year tax life, and the allowed depreciation for such property are 33%, 45%, 15%, and 7% for years 1 through 4. Inventory will increase by $15,000, account payable increasing by $8,000 and account receivables increasing by $10,000. The Product line is expected to generate annual revenue of $106,000 per year, with cost of goods sold being 36,000 per year and other costs (Excluding Depreciation) of $12,000 per year. The Tax rate is 30 Percent, Annual interest expense is $11,000 per year, and the required return for this project is 12 Percent.

find the year 0 cash flow, FCF0

Find the year 2 cash flow, FCF2

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