eters 8 & 9) Saved Ready Bright is launching a new toothpaste that requires an investment of $425,000 in new factory equipment. The equipment will be depreciated straight-line to zero over the it's 5-year life. You are going to sell the equipment at the end of 5 years. You estimate it will have a pretax salvage value is $100,000. The new toothpaste line will generate profits of $175,000 before taxes per year. To run the equpment, you need to invest additional Net Working Capital of $30,000 at the beginning of the project. The Net Working Capital will revert back to normal at the end of the project . The tax rate is 11% and required return is 8%. a. What is the Net Salvage Cash Flow value? (Do not round intermediate calculations and round your answer to 2 decimal places, 0.9., 12.34.) b. What is the formula you used to calculate the answer in parta? (Write the number of the Formula that you used to solve question a. from your Formula Sheet) a Nel Salvage Cash Flow b Formula number