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

1. A $4,700

2. B $4,720

3. C $4,740

4. D $4,850

5. E None of the above

6. Calculate initial investment, using the above data.

1. A $2,800

2. B $2,900

3. C $3,400

4. D $6,40

5. E None of the above