The management of Smart Bell Ltd. believes it can sell 65,000 smart doorbell devices per year at $85 per piece. They cost $50 to manufacture (variable cost). Fixed production costs run $60,000 per year. The necessary equipment costs $2,250,000 to buy and would be depreciated at a 20 percent CCA rate. The equipment would have a salvage value of $450,000 after the five-year life of the project. There would a Net Working Capital requirement of $100,000, and this would be recovered at the end of the fifth year. The discount rate is 15 percent, and the tax rate is 35 percent. 1 What would be the value of the initial (i.e. year =0 ) Cash Flow for this project? $2.35 million $1.75 million $1.58 million $3.23 million $2.64 million What would be the operating cash flows during years 1 to 4 for this project? $1,243,546$2,332,422$832,424$1,026,387$1,439,750 Assuming the operating cost flow during years 1 to 4 was 51,500,000 (Note: this is not necessarily the answer for the previous question) What would be the cash flow during the final year of the project? Assume the after-tax value of salvage value is used. $1,950,000$1,892,500$1,875,000$1,992,000$1,730,250 4 What is the PVCCATS? $353,245$564,121$434,602$448,654$349,054