The estimation of a project's net investment and net annual cash flows Consider the case of Lincoln Railway Co. Lincoln Railway Co. currently earns annual revenues of $300,000 and total operating expresses (excluding depreciation and interest expense) of 47, 50% of revenues. Its earnings are taxed at a rate of 40%. Today, its budgeting committee is evaluating the purchase of a new computer server for its switching software. The server is expected to cost $70,000, plus $4,000 in freight and setup expresses, and will be depression using straight-line depreciation. It is expected that the server will have a useful we of four years and a salvage value equal to 25.00% of its purchase price of $70,000. It is expected that the server will be sold for its book value, such that no capital gain or loss will be realized. It is further expected that the server wit cause a20.00% increase the firm's annual sales expenses (excluding depredation and interest Expense). If the server is purchased, the firm additional $10,000 in net working capital (NWC). Given this information, complete the following analysis: What is the annual depression expense for the server? What-the net investment (NINA) of investment? What are the net annual operating after-tax cash flows associated with this project? What is the project's last year (terminal) cash flow