USE THE TABLE BELOW TO ANSWER THE FOLLOWING THREE (3) QUESTIONS Erma's Beauty Supply, Inc. is considering expanding the company's existing store. Erma's wants to lease the office space next door. Erma's must spend $110,000 on new equipment to expand. The equipment is expected to have a zero-salvage value and an 8-year useful life. Erma's believes that the equipment will be worthless at the end of its 8-year life. Erma's believes it will have to increase net working capital by $12,000; this amount will be recovered at the end of 8 years. Last month, Erma's spent $12,000 to conduct a survey of potential new customers in the area surrounding the current store to see if there was sufficient demand for a larger store. Erma's estimates that net revenue will increase by $100,000 per year in the new store for eight years. The direct expenses incurred to make those sales are $65,000, including rent. The lease Erma's is considering signing is for 8 years. Erma's Beauty Supply has a marginal tax rate of 40% and has a weighted average cost of capital of 10.0%. 36. How much does Erma need to expand her business at T=0 ? 37. Based on this information, the project's operating cash flow in each of the first seven years is ! 38. Based on this information, the project's terminal year (year 8) total cash flow is $