A firm is considering installing a new machine estimated to deliver operating cash flows of $$64,000$ per year for $8$ years. However, at the beginning of the project inventory will decrease by $$23,200,$ AR will increase by $$24,600,$ and AP will increase by $$17,700.$ At the end of the project, NWC will return to its level before the project. The initial cost of the machine is $$276,000.$ The equipment will be depreciated straight$-$line to a $$0$ book value over the project's $8-$year life. The equipment will be salvaged at the end of the project creating an after$-$tax cash flow of $$66,000.$

a$.(12\mathrm{.}5$ pts$.)$ Construct a cash flow from assets schedule for this project.

b$.(12\mathrm{.}5$ pts$.)$ What is the NPV of this project if the required rate of return is $10\mathrm{.}9\%$ per year?