Please show your full steps even if you are using a financial calculator.

10) The Shoe Box is considering adding a new line of winter footwear to its product lineup. Which of the following are relevant cash flows for this project? I. Decreased revenue from products currently being offered if this new footwear is added to the lineup II. Revenue from the new line of footwear III. Money spent to date looking for a new product line to add to the store's offerings IV. Cost of new counters to display the new line of footwear a. I and IV only b. II and IV only c. II and III only d. I, II, and IV only e. II, III, and IV only3} You are making a $120,000 investment and feel that a 20 percent rate of return is reasonable given the nature of the risks involved. You feel you will receive $40,000 in the st year1 $541000 in the seoond year1 and $50,000 in the third year. You expect to pay out $12,000 as an additional investment in the fourth year. 1What is the net present value of this investment given your expectations? a. 415,379.63 1:. $4,305.56 e. $15,010.63 d. $16,233.33 e. $13,534.25 9) Outdoor Sports is considering adding a miniature golf course to its facility. The course would cost $138,000, would be depreciated on a straight-line basis over its five-year life, and would have a zero salvage value. The estimated income from the golfing fees would be $72,000 a year with $24,000 of that amount being variable cost. The fixed cost would be $11,600. In addition, the firm anticipates an additional $14,000 in revenue from its existing facilities if the golf course is added. The project will require $3,000 of net working capital, which is recoverable at the end of the project. What is the net present value of this project at a discount rate of 12 percent and a tax rate of 34 percent? a. $11,309 b. $11,628 c. $12,737 d. $14,439 e. $14,901