Answer 4 & 5 please

3. Cochran Inc. is considering initial fixed asset investment of $1,950,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,145,000 in annual sales, which costs of $1,205,000. If the tax rate is 35%, what is the OCF for this project? a new three-year expansion project that requires an 4. Calculate the NPV using the required return of 14% using the cash flows from the previous problem. 5. Do some sensitivity analysis. Suppose the president lowered the tax rate to 30%. Calculate the NPV again using a 14% required return