You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand. You estimate the

sales price of The Ultimate to be $$320$ per unit and sales volume to be $1,000$ units in year $1$; $1,250$ units in year $2$; and $1,325$ units in

year $3.$ The project has a $3-$year life. Variable costs amount to $$185$ per unit and fixed costs are $$100,000$ per year. The project requires

an initial investment of $$141,000$ in assets, which can be depreciated using bonus depreciation. The actual market value of these

assets at the end of year $3$ is expected to be $$27,000.$ NWC requirements at the beginning of each year will be approximately $20$

percent of the projected sales during the coming year. The tax rate is $21$ percent and the required return on the project is $10$ percent.

$($Use SL depreciation table$)$

What will the cash flows for this project be$?$

Note: Negative amounts should be indicated by a minus sign. Round your answers to $2$ decimal places. $!!!!!!$For this question use straight$-$line depreciation with half$-$year convention is suggested to use $($Table $12\mathrm{.}7$ in the textbook$),$ with $5-$year class life. $->$ Using this rule, you should compare the present value of the depreciation tax shields. $->$ For year $1$ through $6,$ you will get the depreciation tax shields. Get the present value for all the tax shields. $->$ The opportunity cost is the difference in PV terms in having to pay the PV$($tax shields$)$ derived above in two years versus $10$ years!!!!!!