What are the following projects operating cash flows for year 1: Sales: $10,000 All costs excluding depreciation: 10% of sales Annual depreciation expense: $1,000 Tax rate: 21% Purchase price of asset: $2,100 Current assets: $1,000 Current liabilities: $1,700

A $4,700 B $4,720 C $4,740 D $6,320 E $7,320

2. Calculate initial investment, using the above data. A $2,800 B $2,900 C $3,400 D $6,400 E None of the above