Norman Electronics is considering a project which will require the purchase of $5 million in new equipment. The equipment will be depreciated straight-line to a zero book value over the 5-year life of the project. Norman expects to sell the equipment at the end of the project for 10% of its original cost. Annual sales from this project are estimated at $2.3 million. Norman desires a 12% rate of return on this project. The tax rate is 40%.

1. What is the value of the depreciation tax shield in year 2 of the project?
2. What is the amount of the after-tax salvage value of the equipment?
3. What is the recovery amount attributable to net working capital at the end of the project?

that is the full question, no other information is missing