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 $$330$ 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 $$190$ per unit and fixed costs are $$100,000$ per year. The project requires an

initial investment of $$144,000$ 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 $$28,000.$ NWC requirements at the

beginning of each year will be approximately $25$ percent of the projected sales during the coming year.

The tax rate is $21$ percent and the required return on the project is $12$ 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.