PERIOD EBIT 0 1 $4,000 2 $5,500 3 $7,000 $9,000 The above table illustrates earnings before...

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PERIOD EBIT 0 1 $4,000 2 $5,500 3 $7,000 $9,000 The above table illustrates earnings before interest and taxes for a capital investment project. Additional information for this project: initial cost of the investment = $30,000 change in net working capital = $5,000 (and all of this is recoverable at end of the project) erosion costs are $1,500, $1,000, and $500 for Years 1, 2, and 3 respectively tax rate = 29.0% WACC = 12.5% depreciation = straight line over six years salvage value is not an issue What is operating cash flow for Year 1? PERIOD EBIT 0 1 $4,000 2 $5,500 3 $7,000 $9,000 The above table illustrates earnings before interest and taxes for a capital investment project. Additional information for this project: initial cost of the investment = $30,000 change in net working capital = $5,000 (and all of this is recoverable at end of the project) erosion costs are $1,500, $1,000, and $500 for Years 1, 2, and 3 respectively tax rate = 29.0% WACC = 12.5% depreciation = straight line over six years salvage value is not an issue What is operating cash flow for Year 1?