BASED ON THE INFORMATION BELOW, ANSWER QUESTION 51 TO 55 Project X is a new type of audiophile-grade stereo amplifier. We think we can sell 500 units per year at a price of $10,000 each. Variable costs per amplifier run about $5,000 per unit, and the product should have a four-year life. Fixed costs for the project run $610,000 per year. Further, we need to invest $1,100,000 in manufacturing equipment Depreciation will be a straight line with $600,000 salvage. We would have to invest $900,000 in working capital at the start. After that, net working capital requirements would be 30 percent of sales. All working capital will be reclaimed at the end of the project. Assuming a 20 percent required return. Use a 40 percent tax rate throughout 51. The EBIT (earnings before interest and taxes) per year is closest to? Select one: a. 2.500 million b. 1.765 million c. 1.059 million d. 1.184 million 52. The operating cash flow per year for Project X is closest to? Select one: a 2.500 million b. 1.765 million c. 1.059 million S d. 1.184 million 53. The cash flow from assets (CFFA) in year 4 is closest to? Select one: a. 1.184 million b. 1.784 million c. 2.684 million d. 3.284 million 54. The NPV of project X is closest to? Select one: a. 4.236 million b.6.236 million C. 3.578 million Od 1.578 million 55. What is the IRR of project X? Select one: a. IRR > 50% b. 40% SIRR