You are considering a new product launch for three years after which the project ends. The equipment for the project will cost $ 900,000 have a three -year life and a $200,000 salvage value. Depreciation is straight line to zero. Sales are projected at
200 units per year with a per unit price of $18,000 and variable cost per unit of $ 13,000) Fixed costs are estimated to be $600,000 per year. The project requires maintaining net working capital át $20,000
throughout the project. The discount rate is 12% and the tax rate is 35%. Create the project's income statement and compute operating cash