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You are evaluating a project for The Tiff-any golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Tiff-any to

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You are evaluating a project for The Tiff-any golf club, guaranteed to correct that nasty slice. You estimate the sales price of The Tiff-any to be $432- per unit and sales volume to he 1.2131] units in year 1; 1.325 units in year 2; and LDDD units in year 3. The project has a 3-year life. 'v'ariahle costs amount to $2413 per unit and fixed costs are $1DD.DDD per year. The project requires an initial investment of NEEDED in assets, which will he depreciated straight-line to zero over the 3- year project life. The actual market value of these assets at the end of year 3 is expected to he $32,13DD. NWC requirements at the beginning of each year will be approximately 21] percent of the projected sales during the coming year. The tar: rate is 30 percent and the required return on the project is 11 percent What is the operating cash ow for the project in year 2? {Enter your answer as a whole number.j

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