1. Explain using your own words how the period costs and product costs flow through the financial Statements. Refer to the below table, classify what do we mean by project simple or project non-simple. 2. Net Cash Flow n B 0 $650 - $250 $560 1 225 -140 -860 2 40 -80 215 3. Explain how can you come up with such an estimate of various component costs before pricing their product? Following manufacturing and non-manufacturing costs terms 4. If you are planning to fix a pumping system with a faulty valve. Explain how many decision alternatives you can define. 5. You sold an automobile at a price of $14,000. The automobile was purchased three years ago for $20,000. The car had been depreciated according to a five-year MACRS property class, and the book value was $5,760. Explain and find what is the amount of economic depreciation