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Suppose the following capital budgeting proposal for a 5-year project: $80,000 initial cost, to be depreciated straight-line over five years to an expected value of

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Suppose the following capital budgeting proposal for a 5-year project: $80,000 initial cost, to be depreciated straight-line over five years to an expected value of $10,000, 40 percent tax rate, $42,000 additional annual revenues, $15,000 additional annual expense, $8,000 additional investment in working capital, 11 percent cost of capital. Calculate cash flow for each period, from Year 0 to Year 5 (use the table below)

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