Virtual Ventures is considering a new three-year expansion project that requires an initial fixed asset investment of $2.29 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate EBIT of $326,667. There is no interest expense. Operating Cash Flow remains constant throughout the project. The project requires an initial investment in net working capital of $260,000, which will be recovered at the end of the project. The fixed asset will have a market value of $195,000 at the end of the project. The tax rate is 21 percent. The required return (or discount rate) is 9 percent. COMPLETE PARTS a, b, and fa a. Calculate Operating Cash Flow (OCF) (Write your answer on the line above) Show your work below: = (1 point) b. Calculate After-tax Salvage Value = (Write your answer on the line above) Show your work below: c. Complete the table below to calculate Free Cash Flow (FCF) 0 OCF NCS NWC FCF (No work needed.) 2 3 (1 point) (5 points) d. Calculate NPV = e. Calculate IRR = Show your work below. (1 point) (1 point) f. Should the project be accepted? Why? (Write your answer on the line above and explanation in the space below). (1 point)