1) A chemical processing firm is planning on adding a duplicate polyethylene plant at another location. The financial information for the first project year is shown in Table (a) Compute the working-capital requirement during the project period. (b) What is the taxable income during the project period? (C) What is the net income during the project period? (d) Compute the net cash flow from the project during the first year. Financial Information for First Project Year $ 1,500,000 Sales Manufacturing costs Direct materials Direct labor $ 150,000 200,000 100,000 200,000 Overhead Depreciation Operating expenses Equipment purchase Borrowing to finance equipment Increase in inventories Decrease in accounts receivable Increase in wages payable Decrease in notes payable 150,000 400,000 200,000 100,000 20,000 30,000 40,000 272,000 20,000 Income taxes Interest payment on financing