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1-Which item(s) in the income statement shown above will not affect cash flows? (You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.)

Sales

Variable expenses

Advertising, salaries, and other fixed out-of-pocket costs expenses

Depreciation expense

2-What are the projects annual net cash inflows?

3-What is the present value of the projects annual net cash inflows? (Refer to the Exhibit 11B-2 attached in the end of this assignment, to determine the appropriate discount factor(s) using table. Round your final answer to the nearest dollar amount.)

4-What is the present value of the equipments salvage value at the end of five years? (Refer to the Exhibit 11B-1 attached in the end of this assignment, to determine the appropriate discount factor(s) using table. Round your final answer to the nearest dollar amount.)

5-What is the projects net present value? (Refer to the Exhibit 11B-1 and Exhibit 11B-2 attached in the end of this assignment, to determine the appropriate discount factor(s) using table. Round your final answer to the nearest dollar amount.)

could you please solve each Q with explanations ans steps?