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 $$500$ 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 $$275$ per unit and fixed costs are $$100,000$ per year. The project

requires an initial investment of $$195,000$ 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 $$45,000.$ 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 $11$

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.

Answer is complete but not entirely correct.