8. Delta Software is considering a new project that will last for 3 years and whose data are shown below. The company would purchase equipment at $300,000 plus $20,000 for installation costs. The equipment is classified in the 3 -year class and will be depreciated under MACRS (The percentages are 33.33%,44.45%,14.81%, and 7.41%, respectively). [1] The company believes that at the end of the 3dx year, the equipment can be sold for $30,000. - Net working capital will increase immediately by $50,000 and be recovered at the end of the project. Annu-i a) What is the project's initial investment (CF0)? Inital cash flow = - cost of equipmen increase of NwC b) What is the depreciation expense for each year during the life of the project? a. Year 1: Year 2 : Year 3: c) What is the project's annual operating cash flow? a. Year 1: Year 2: Year 3: d) What is the equipment's after-tax net salvage value? e) If the company cost of capital is 10%, should the company invest in this project? (Show all cash flows in a table \& calculate NPV)