The Del-Grande is considering a project with a five-year life. The project requires $160,000 of fixed assets that will be depreciated via straight line. Variable costs equal 71 percent of sales, other fixed costs are $9,600 per year and the tax rate is 21 percent. Working capital is 10% of sales. Year 1 2 3 5 Sales $45,000 $45,000 $45,000 $45,000 $10,000 a. Calculate the cash flow for year 0 (CFO). b. Calculate the cash flow for year 1 (CF1) c. Assuming the asset is salvaged for zero (O) dollars at the end of year 5, calculate the cash flows for year 5. d. If the cost of capital is 8.5% should the project be undertaken, show your proof