The Foley Corporation is considering investing in a new cane manufacturing machine that has an estimated life of three years. The cost of the machine is $30000 and the machine will be depreciated straight line over its three-year life to a residual value of $0. The cane manufacturing machine will result in sales of 2200 canes in year 1 . Sales are estimated to grow by 10% per year each year through year three. The price per cane that Foley Corporation will charge its customers is $17 each and is to remain constant. The canes have a cost per unit to manufacture of $8 each. Installation of the machine and the resulting increase in manufacturing capacity will require an increase in various net working capital accounts. It is estimated that the Foley Corporation needs to hold 2.0% of the following year's annual sales in cash, 4.0% of the following year's annual sales in accounts receivable, 10.0% of the following year's annual sales in inventory, and 6.0% of the following year's annual sales in accounts payable. All working capital will be fully recovered by the end of the project. The company tax rate is 25.0%. 1. What is the depreciation expense for the project? [Please enter to the nearest dollar] 2. What is the amount of net working capital in year 0 ? [Please enter to the nearest dollar] 3. What are the free cash flows in year 0 ? $ [Please enter to the nearest dollar] 4. What are the free cash flows in year 1 ? S [Please enter to the nearest dollar] 5. What are the free cash flows in year 2 ? $ [Please enter to the nearest dollar] 6. What are the free cash flows in year 3 ? $ [Please enter to the nearest dollar] 7. Assuming a required rate of return of 11.0%, what is the project's NPV? $ [Please enter to the nearest dollar]