The Fleming Manufacturing Company is considering a new investment Financial projections for the investment are tabulated below. The corporate tax rate is 21 percent, Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Year 0 Year1 Year 2 Year 3 Year 4 Investment $ 30,000 Sales revenue $15,500 $ 16,000 $16,500 $13,500 Operating costs 3,300 3,400 3.500 2,700 Depreciation 7,500 7,500 7,500 7.500 Net working capital spending 360 410 460 360 ? ak 1 icos a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 1 3,713 $ Net income Year 2 4,029 $ Year 3 4,345 $ Year 4 2,607 b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign Cash flow Year -300,380S Year 1 10.803 $ $ Year 2 11,0695 Year 3 Year 4 11 4855 11,897 c. Suppose the appropriate discount rate is 10 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3216.) NPV