Please answer the following question with Formulas, etc.. Please do not use excel. Thank you for your help!

The Freeman Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 40 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Year 0 $ 42,000 Year 1 Year 2 Year 3 Year 4 Investment Sales revenue Operating costs Depreciation Net working capital spending $21,500 $22,000 $22,500 $19,500 3,900 10,500 4,500 10,500 530 4,600 10,500 580 4,700 10,500 480 480 a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 1 Year 2 Year 3 Year 4 Net income b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Year0 Year 1 Year2 Year3 Year 4 Cash flow c. Suppose the appropriate discount rate is 12 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV