Your company has spent $180,000 on research to develop a new computer game. The firm is planning to spend $50,000 on a machine to produce the new game. Shipping and installation costs of $5,000 for the machine will be capitalized and depreciated. The machine has an expected life of five years, a $25,000 estimated resale value, and falls under the MACRS five-year class life. Revenue from the new game is expected to be $300,000 per year, with costs of $100,000 per year. The firm has a tax rate of 35 percent, an opportunity cost of capital of 14 percent, and it expects net working capital to increase by $50,000 at the beginning of the project. What will be the operating cash flow (OCF) for year two of this project? MACRS rates: Year 1: 20.00% Year 2:32.00% Year 3:19.20% Year 4: 11.52% Year 5: 11.52% Year 6: 5.76% $136.160 $ 70,040 $ 68,150 $ 133,850 Red Dirt Industries sold a piece of equipment for $83,118. The book value of the equipment is $40,289. If Red Dirt's marginal tax rate is 28 percent, what will be the after-tax cash flow of this sale? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR (example: 18630). Financial analysts forecast Apple (AAPL) growth for the future to be 7.4 percent. The firm just paid a $3.18 dividend. What is the value of their stock when the required rate of return is 12.8 percent? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST CENT (example: 3.57)