Talmage Inc. has just completed development of a new printer. The new product is expected to produce annual revenues of $2,700,000. Producing the printer requires an investment in new equipment costing 52,880,000. The printer has a projected life cycle of years. After 5 years, the equipment can be sold for $360,000. Working capital is also expected to decrease by $360,000, which Talmage will recover by the end of the new product's life cycle. Annual cash operating expenses are estimated at $1,620,000. The required rate of return Required: 1. Prepare a schedule of the projected annual cash flows Year Item Cash Flow 0 Total Total Previous Next