Table $2$

Initial Equipment $$65,000$

Project Life $3$ Years

Sales $$55,000$

Variable Costs $$25,000$

Fixed Costs $$10,000$

Tax rate $26\%$

Cost of Capital $10\%$

Ending Book Value $$10,000$

Sales Price at Year $3$ $$5,000$

Net Working Capital $$10,000$

$15.$ Calculate the initial cost.

$16.$ Calculate the operating cash flow $($OCF$).$

$17.$ Calculate the terminal non$-$operating cash flow $($TNOCF$)$

$18.$ Calculate the NPV$.$