1. A project requires an increase in net working capital of $155,000 at time 0 that will be recovered at the end of its 6 year life. If opportunity cost of capital is 8%, what is the effect on the NPV of the project? answer rounded to two decimal places.

2. Daily Enterprises is purchasing a $15,000,000 machine. The machine will depreciated using straight-line depreciation over its 9 year life and will have no salvage value. The machine will generate revenues of $7,500,000 per year along with costs of $2,500,000per year. If Daily's marginal tax rate is 30%, what will be the cash flow in each of years one to 9 (the cash flow will be the same each year)? answer rounded to the nearest whole number.

3. A company sells Tidbits to consumers at a price of $120 per unit. The costto produceTidbits is $36 per unit. The company will sell 11,000 Tidbitsto consumers each year. The fixed costs incurred each year will be $180,000. There is an initial investment to produce the goods of $3,600,000 which will be depreciated straight line over the 7 year life of the investmentto a salvage value of $0. The opportunity cost of capital is 6% and the tax rate is 29%. What is operating cash flow each year