Answer format: Currency: Round to: 2 decimal places. #12 ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $768,400.00 work cell. Further, it will cost the firm $59,900.00 to get the work cell delivered and Installed. The work cell will be straight-line depreciated to zero with a 20-year useful life. The project will require new employees to be trained at a cost of $65,100.00. The project will also use a piece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $5,800.00. Finally, the firm will invest $11,900.00 in net working capital to ensure the project has sufficient resources to be successful. The project will generate annual sales of $903,000.00 with expenses estimated at 39.00% of sales. Net working capital will be held constant throughout the project. The tax rate is 37.00%. The work cell is estimated to have a market value of $469,000.00 at the end of the fourth year. The firm expects to reclaim 86.00% of the final NWC position. The cost of capital is 10.00%. What is the NPV the project if we end the project after 4 years? Submit Answer format: Currency: Round to: 2 decimal places. #13 Taylor United is considering overhauling its equipment to meet increased demand for its product. The cost of equipment overhaul is $4.19 million, plus $201, 120.00 in installation costs. The firm will straight-line depreciate the equipment to zero using a 5-year recovery period. Additional sales from the overhaul should amount fo $207,768.00 per year, and additional operating expenses and other costs (excluding depreciation) will amount to 36.00% of the additional sales. The firm has an ordinary tax rate of 34.00%. What is the operating cash flow for year 1 of this project? Submit Answer format: Currency; Round to: 2 decimal places