The following information is for the next four questions (Questions 7-10). You have been asked by the president of your company to evaluate the proposed acquisition of a piece of new equipment for the firm's R\&D department. The equipment's price is $30,000, and would be sold after 2 years for $5,000. The equipment is depreciated straight-line to zero over 2 years. Use of the equipment would require an increase in net working capital (spare parts inventory) of $4,000, which will be recovered when the equipment is sold. The equipment is expected to generate sales of $35,000 per year and operating costs (excluding depreciation) by $10,000 per year. The firm's marginal tax rate is 40%. What is the free cash flow of the project in Year 2? Your Answer: Answer Question 10 (1 point) What is the NPV of the project if the required return (cost of capital) of the company is 10% ? Round your answer to the nearest dollar. Your