Given the information of a project, answer the next 5 questions: 4-year project life, 5-year class life Simplified straight line depreciation Cost of equipment = $400,000 Shipping and installation = $15,000 $18,000 in networking capital required at setup Revenues will increase by $280,000 per year Defects costs will fall by $20,000 per year US Bank offered to loan you the money for the project with an annual interest payment of $25,000 Operating costs will rise by $56,000 per year Salvage value after year 4 is $60,000 Discount rate = 11% Marginal tax rate = 34% 1. The initial outlay in year 0 is ________ 2. The annual cash flow from year 1 through 4 is _______ 3. The terminal cash flow in year 4 is ________ 4. The NPV of the project is ________ 5. The IRR of the project is ________