You are a financial analyst at Oppenheimer Corporation assisting the CFO to decide whether or not to build a new heavy-water processing plant. The follwing information has been gathered: - The project requires an initial investment (at t=0 ) of $30 million with straight-line depreciation over 3 yoars. Although the projoct is depreciated over 3 years, the project has an economic life of 5 years. - The project is expected to increase the sales by $20 million and maintain at that level over the whole economic life. - The operating costs, excluding depreciation, is 60% of the increase in sales. The company's tax rate is 33.0%. - There working capital will remain unchanged. - The project's after-tax salvage value are estimated at t=5 will be $1.2 million. - The operating cash flows can be discounted 9.6%. However, the salvage value is more uncertain, so discount at 12.0%. Using the information above about Oppenheimer Corp, answer the questions: 1. [30\%] What is the Year 1 operating cash flow? million (Give answer to 4 decimal places) 2. [30\%] What is the Year 5 operating cash flow? million (Give answer to 4 decimal places) 3. [20\%] What is the present value of the project's after-tax salvage value? million (Give answer to 4 decimal places) 4. [20\%] What is the NPV of the project? million (Give answer to 4 decimal places)