Thornley Co. is considering a 3 year project with an initial cost of $636,000. The equipment is classified as MACRS 7 year property. The MACRS table values are 1429 2449. 1749 1249, 0893, 0892 0892 and 0446 for Years 1 to 8 respectively. At the end of the project, the equipment will be sold for an estimated $279.000 The tax rate is 35 percent, and the required return is 17 percent. An extra $23,000 of inventory will be required for the life of the project Annual sales are estimated at $379,000 with costs of $247,000 What is the total cash flow for Year 3? Multiple Choice o $281782.87 $406 20819 $315.189.32 $319,208.19 $423008 24 The initial cost of a machine is $727,000 with annual operating costs of $39,600. Fach machine has a life of five years before it is replaced. Ignore taxes. What is the equivalent annual cost (EAC) of this machine if the required return is 16 percent? Multiple Choice $237750.85 52CA, 411 426163262 4240650000 428903a11