The Fleming Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 22 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 1 Year 2 Year 3 Year 4 Year o $ 41,000 Investment Sales revenue Operating costs Depreciation Net working capital spending $ 21,000 $ 21,500 $ 22,000 $ 19,000 4,400 4,500 4,600 3,800 10,250 10,250 10,250 10,250 520 570 470 ? 470 a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 2 Year 3 Year 4 Year 1 -470 Net income $ $ 6,350 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.) Year 1 Year 2 Year 3 Year 4 Year 0 -41,470 Cash flow $ c. Suppose the appropriate discount rate is 13 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV