Given the data in the following table, the initial net cash flow of the project fi.e. CFO) is $ - NOTE: The table below applies to questions 32 to 36 (it is included on each of these questions). ASC, inc, is considering the production of a new line of solt drinks at its Springfeld, it. plant. The CFO of ASC, Inc. is provided with the following information on the new project. > The expansion will require the immediate purchase of new machinery for $29,000,000. > The firm has spent $1,000,000 to train workers to use the now machinery. 7. The incremental sales from this project are expected to be $19,500,000 per yoar. The incremental operating expenses (excluding depreciation) are expected to equal $11,300,000 per year. > The company uses straight-Ine depreciation. The project has an economic life of 10 years. The machinery has a salvage value of $1,000,000 and will be sold for that amount at the conclusion of the project. > The company well increase net working capital by $1,200,000 at the beginning of the project, and it will be liquidatod at the end of the project. 7. ASC Inc's marginal tax rabe is 40% 7. ASC inc ' ' weighted average coat of capital (WACC) is 10%