The Freeman Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 40 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 s 37,000 Year 1 Year 2 Year 3 Year 4 Investment Sales revenue Operating costs Depreciation Net working capital spending $19,000 $19,500 $20,000 $17,000 3,400 9,250 9,250 9,250 9,250 4,000 4,100 4,200 430 480 530 430 a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year $3690 Year 3 $3930 Year 1 Year $2610 Net income $3450 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 . Year 1 Year 2 Year 3 Year 0 -37430 Cash flow